LTC/USD short-term analysis

LTC/USD has reached our $215 target and as we mentioned in our analysis we prefer to take profits of the triangle breakout. We observe in the short-term a weakness to break above $220 which was tested multiple times. This does not mean a trend change, I just believe that a pull back towards $190 is justified.

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Red rectangle - resistance

Trend remains bullish and I do not want to go against the trend. However I believe it is best to take profits and stay neutral or with minimal bullish exposure in LTC/USD. Price could make a sharp pull back towards the beak out area of $190 or even lower.



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Alexandros Yfantis
Analytical expert
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