Is #LTC preparing for a strong upcoming movement
In the last price movement, the currency closed with a Doji Candle near the level of 120.8 USDT, which is a candle that reflects a state of indecision between buyers and sellers after a previous downward wave from 134 USDT to 116 USDT
Futures Strategy
The strongest scenario currently ➝ Long trade relying on price bouncing from support 116 – 118 USDT
Entry zones between 119 – 121 USDT
Targets
First target 123 USDT
Second target 127 USDT
Third target 134 USDT
Stop loss below 116 USDT
Indicators
RSI indicator at 48 ➝ Neutral leaning towards bullish
MACD indicator gave a slight bullish crossover signal ➝ Possibility of starting a positive wave
Current price is above the lower Bollinger Band ➝ Good rebound support
In your opinion, can LTC break 123 and return to the level of 127 soon, or will sellers push the price down again below 118
