$LTC broke above the 60 level. Two possible scenarios from here:
① It retests 60 and holds → the level turns into support, with the 24-hour high of 60.46 as the first upside target.
② It falls back below 60 and fails to reclaim it → this looks more like a false breakout, so it’s best not to stay in the trade too long.
I’m personally paying closer attention to how the first retest is supported.
#LTC
For reference only. Trade at your own risk.
① It retests 60 and holds → the level turns into support, with the 24-hour high of 60.46 as the first upside target.
② It falls back below 60 and fails to reclaim it → this looks more like a false breakout, so it’s best not to stay in the trade too long.
I’m personally paying closer attention to how the first retest is supported.
#LTC
For reference only. Trade at your own risk.