Litecoin (LTCUSD): Short Trade Explained

Litecoin broke and closed below a key daily confluence zone:
the price managed to violate a strong horizontal key level and a major rising trend line.

Now the price is retesting a broken structure.

As a confirmation, I noticed a double top formation on 1H.
Its neckline is broken and retested.

Now I expect a drop.

Goals:
154
124

❤️Please, support this idea with a like and comment!❤️

⬇️Subscribe to my social networks!⬇️

Komentarz:

Check my new analysis on EURUSD: