Bullish until support is broken. Overall looks liked W pattern.
Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Great idea on LTCUSD and there may be bullish potential as you have identified. The 1st support that we have identified is at $50.58 which coincides with the firm support level that you've identified. It is a horizontal swing low support, 61.8% Fibonacci extension and a 78.6% Fibonacci retracement. Stochastic is approaching its support at 4.80% where a corresponding bounce could occur. If a potential bounce does occur, we may want to look at 56.95 resistance level. It is a horizontal overlap resistance, 100% and 61.8% Fibonacci extension and a 50% Fibonacci retracement. Looking forward to see how things develop.
Please have a look at our idea and we would like to hear your thoughts.