LTCUSD - Intraday - We look to Sell at 119.84 (stop at 124.75)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 120.00. 20 1hour EMA is at 119.00. The trend of lower highs is located at 123.00. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Our profit targets will be 106.40 and 102.40
Resistance: 120.00 / 130.00 / 135.00
Support: 105.00 / 100.00 / 95.00
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