Hello traders, investors and the community! Welcome to the technical analysis of LTC / USD, today we will look at the perspective of a 4-hour period.
4-hour LTC / USDT chart
I like the situation on the chart, the price of LTC bounced off the lower border of the descending channel again. Judging by the growing candles following each other, the buyer is not going to go anywhere yet. The goals are indicated on the chart, the main goal is to update the local ATH ($230), in front of which there is a pair of minor resistances.
But also do not forget about the seller, who will push the price down from the current resistance level ($180). If the seller manages to lower the price to -$156, then we will consider the priority of the descending triangle (bearish pattern).
?? Earn money, but don't forget about risk management and money management.
