LTCUSD Futures ( LTCUSD ), H4 Potential for Bearish Drop

Title: LTCUSD Futures ( LTCUSD ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 102.62
Pivot: 98.20
Support: 86.69

Preferred case: Looking at the H4 chart, my overall bias for LTCUSD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 86.69, which is the intermediate support.

Alternative scenario: Price may head back up to retest the resistance at 102.62 where the recent high is located.

Fundamentals: There are no major news.
Chart PatternsHarmonic Patterns

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Мои профили:

Отказ от ответственности