Home Premium forex Premium Post: Litecoin (LTCUSD): Short Trade Explained

Premium Post: Litecoin (LTCUSD): Short Trade Explained

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Premium Post: Litecoin (LTCUSD): Short Trade Explained

Check the Post below with the chart showing the details.
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Observe the support structure and potentials moves.
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Premium Post: Litecoin (LTCUSD): Short Trade Explained
Litecoin broke and closed below a key daily confluence zone:
the price managed to violate a strong horizontal key level and a major rising trend line .

Now the price is retesting a broken structure.

As a confirmation, I noticed a double top formation on 1H.
Its neckline is broken and retested.

Now I expect a drop.

Goals:
154
124

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