Bearish rally on alt's continues.
Litecoin lost more than 70% from ATH.
Ahead is strong weekly support.
Taking into consideration that the market is quite oversold,
I am looking for a potential pullback trade from that.
The confirmation that I need is a bullish breakout of a horizontal neckline
of a double bottom formation on 4H time frame (4h candle close above).
Then the price will reach at least 141.5 level.
In case of a new lower low formation on 4H, the setup will be invalid.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.