LTCUSDT 4h short term Analysis

Hello Traders!

After a 5 leg impulsive move to the top of the ascending channel, we can expect a correcting move to the shown fib levels or the main support area. if you are entering this swing trade position make sure to consider a stop-loss since wave 5 of the upward move might extend even higher! After all, there is no reward for those who don't take the risk ;)

You're very welcome to share your analysis in the comment section.

Have a profitable weekend everyone!