$LTC LONG TRADE IDEA

14 May 2020

• Re-entry long LTC was along the $41.77 support line, noticed that price wicked down to $39.25 to a T and held it respectively.
  
• Now price is bouncing back above this 3-year long uptrend , which is drawn from the start of the 2017 bull trend and has been validated over time.
  
• Super bullish wick off that trend, doji candle but I wouldn’t be surprised if there was another test of this uptrend or even the $40 psychological support level
  LTC and all the other major pairs are getting smacked in terms of BTC pairs. We’re just trading USDT pairs for now in the premium channel
  
• Conservative sell target is the bottom candle of the previous swing high at $48.58
  
• 2nd sell target is the top of the previous swing high at $50.67
  
• From that point when LTC makes par with previous swing highs, I’ll reevaluate my position and see where we are from there.