LTCUSD Futures ( LTCUSD ), H4 Potential for Bearish Drop
Title: LTCUSD Futures ( LTCUSD ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 102.62
Pivot: 98.20
Support: 86.69
Preferred case: Looking at the H4 chart, my overall bias for LTCUSD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 86.69, which is the intermediate support.
Alternative scenario: Price may head back up to retest the resistance at 102.62 where the recent high is located.
Fundamentals: There are no major news.
Type: Bearish Drop
Resistance: 102.62
Pivot: 98.20
Support: 86.69
Preferred case: Looking at the H4 chart, my overall bias for LTCUSD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly head towards the support at 86.69, which is the intermediate support.
Alternative scenario: Price may head back up to retest the resistance at 102.62 where the recent high is located.
Fundamentals: There are no major news.
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