@rafaelken1989 17 September 2022

LTCUSD Remains Under Selling Pressure

Litecoin remains under selling pressure although having an overall good mid-term consolidation phase since it found footing from its monthly lows last June. Thankfully, the LTCUSD's fresh swing high last week gives more upswing hopes. Its 4-hour RSI indicator still below the 50 neutral level hence short-term price fall-offs can occur again back to as low as the 50% fib retracements from the June lows to last week's highs. I want to make a long entry in that level. Should price holds in that level, it will be good to sell on the next upper 38.20% retracement. Otherwise, further sell-offs can pave way towards September 7 lows. That will be my buy stoppage. Risk/Return score of 3.446. Also this trading plan can drag more time so patience will be the key. Original article written by me: https://www.finlogix.com/analysis/20220917/ltcusd-remains-under-selling-pressure