H1 scalping trade on Litecoin!
Hi, Traders ! **Monfex** is on the air !
**Litecoin is about to take a Long shot in the direction of H4 ascending trend-line.**
https://preview.redd.it/7wrfk6bbz1y31.png?width=1188&format=png&auto=webp&s=fe4fc5972c5af66677b3c1cc3b0f452939fe06bc
\* Litecoin had failed in an attempt to break above the H4 trend-line, spiking at $66 – just below our projected target of $70.
\* Increased volatility on large volume hustled the price away, towards the Daily Support of $60.
\* Around the Daily Support, H1 candles have shaped out the reversal pattern and the price now seems to be sliding North.
\* With the upcoming rebound, the H4 trend-line could be retested, so we are considering going Long with the target of $65.
**Scalp trade signal**
Buy @ $60 – $62.
Target: $65.
Stop-loss: $59.80.
**GOOD LUCK AND LOTS OF PROFITS !!**
*Disclaimer*
*This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.*