Hi,
Litecoin must continue upwards as it hasn't done ATH yet
Supposing that late February correction is over and drawing the associated fib retracement, we are dealing now with the 0.5 fib level
Price action should be rejected upwards by this 0.5fib if we take into account that :
- An ascending triangle is in progress ==> we should break the horizontal red resistance before 4 days
- Red trendline (since Oct'20) is holding
High risk / High reward setup :
- 20x Margin position ==> we shouldn't touch 0.382fib so it's "safe" ==> Please note that your position would be liquidated around 188-189$
- 10x Margin position for a safer trade, putting SL at 188$
In both cases, look closely if we broke the red trendline support
PS : trade at your own risk and just the amount you may afford to lose