🔥 Litecoin On Key Resistance Ahead Of FOMC: Correction Ahead?
LTC has been performing very good over the last couple of weeks, a rally most likely helped by the LTC halving.
However, LTC is currently trading at a key resistance which has been holding strong since June 2022, so almost 8 months.
Since we have the FOMC interest decision tonight I'm advising caution. Wait for a confirmed rejection before going short. Wait for a confirmed break out before going long.
Personally I'm looking for a short position with a target at the bottom support of the rising wedge pattern.
However, LTC is currently trading at a key resistance which has been holding strong since June 2022, so almost 8 months.
Since we have the FOMC interest decision tonight I'm advising caution. Wait for a confirmed rejection before going short. Wait for a confirmed break out before going long.
Personally I'm looking for a short position with a target at the bottom support of the rising wedge pattern.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.