FX.co ★ LTCUSD Potential For Bearish Drop to intermediate support

Description :

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.

Looking for a pullback sell entry at 97.95, where the overlap resistance is. Stop loss will be at 102.65, where the recent high is. Take profit will be at 86.52, where the intermediate support is.

Trading Recommendation

Entry: 97.95

Reason for Entry: Overlap resistance

Take Profit:86.52

Reason for Take Profit: Intermediate support

Stop Loss: 102.65

Reason for Stop Loss:

Recent high