Litecoin at Resistance? We look to Sell at 133.65 (stop at 137.67)
LTCUSD - Intraday - We look to Sell at 133.65 (stop at 137.67)
Preferred trade is to sell into rallies. Choppy price action seen. Previous resistance located at 132.00. The trend of lower highs is located at 134.00. 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 121.67 and 112.00
Resistance: 132.00 / 142.00 / 150.00
Support: 125.00 / 120.00 / 115.00
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Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
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The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
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