Litecoin (LTCUSD): Key Level to Watch
Diupdate
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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