LTC - Approaching A Support 🔑 Analysis #6/50

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

LTC rejected the 100.0 weekly resistance and traded lower. Now it is approaching the lower red trendline.

Moreover, the zone 60.0 a strong weekly structure.

🏹 So the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the red support zone and lower red trendline. (acting as a non-horizontal support)

As per my trading style:
As LTC approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich