$LTC$ - Bearish

Today’s Update:

Target reached in 13hrs but TP failed to trigger, so I manually sold. Final profit: 4.54%.

Yesterday’s Analysis:

Spotted a large leg-down on the 1hr timeframe that broke the EMA channel. The retracement saw rejection at the 38.2% Fibonacci Retracement level. I am expecting another leg-down will break the previous support zone [95.90 - 95.26] and head toward a previous demand zone.

The Super-Short-Term Play: 1-3 Days
4.39-to-1 PL Ratio.
Entry: 96.64; Target: 88.87 [8.04%]; SL: 98.37 [1.79%].

Please do your own research and risk no more than what you can afford.

I never risk more than 5% of funds on each trade and am a perpetual futures trader.
My analysis is based on 14 years of experience trading the markets and is subject to my opinion. You've been warned. #DYOR