FX.co ★ LTCUSD Potential For Bullish Rise to overlap resistance

Description :

Looking at the H4 chart, my overall bias for LTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 94.72, where the overlap support is. Stop loss will be at 88.25, where the recent low is. Take profit will be at 116.03, where the overlap resistance is.

Trading Recommendation

Entry: 94.72

Reason for Entry: Overlap support

Take Profit: 116.03

Reason for Take Profit: Overlap resistance

Stop Loss: 88.25

Reason for Stop Loss:

Recent low