LTC Bullish Volatility Expansion| Swing High Objective
Points to consider,
Perceiving LTCUSDT’s chart, price action is current trading under a key Daily S/R level that needs to be breached for a bullish bias to be valid. Price action has deviated from its swing high with a strong bearish expansion into a liquidity run. Tapping the mid Weekly S/R validated an S/R Flip Retest of the level, this confirmed price action acceptance as price is trading above the current bullish order block.
Predominantly, price action has maintained a higher low projection with confirmed S/R Flip retests along the way. Each key technical level have been breached with increasing volume, this is suggestive of a strong uptrend with no signs of a local top being set. Again a climatic node will be redolent of a short-term down trend, this will be apparent with a confirmed market structure change.
Perceiving LTCUSDT’s chart, price action is current trading under a key Daily S/R level that needs to be breached for a bullish bias to be valid. Price action has deviated from its swing high with a strong bearish expansion into a liquidity run. Tapping the mid Weekly S/R validated an S/R Flip Retest of the level, this confirmed price action acceptance as price is trading above the current bullish order block.
Predominantly, price action has maintained a higher low projection with confirmed S/R Flip retests along the way. Each key technical level have been breached with increasing volume, this is suggestive of a strong uptrend with no signs of a local top being set. Again a climatic node will be redolent of a short-term down trend, this will be apparent with a confirmed market structure change.