Ltcusd is approaching a support line of a major rising daily channel. It matches perfectly with a strong horizontal structure and formes a narrow confluence zone.
Within that the price is trading in a narrow trading range on 4h. 242.0 - 254.0 is its resistance. To buy wisely, wait for its bullish breakout (4H candle close above), then buy on a retest.
Your goals will be: 285.0 325.0
In case of a bearish breakout of the range, the market can drop much lower.
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