Hey guys,

It’s Monday morning in Asia and that means it’s time to get back to business. We have crypto markets open on weekends now, but with normal life going on around you, still adhering to the classic weekday/weekend structure, it’s sometimes hard to keep your mind focused.

You have no excuses left today though. Buckle down, get your charts open and work on getting paid. Markets don’t owe you anything and you have to be the one to take it from them if you’re going to make it.

If you follow my blog, you would have seen focus shift to Litecoin. I shared a Litecoin support level from @scaredycatguide and then highlighted a Litecoin day trading opportunity myself with an extract from that blog below:

LTC/USD Hourly

The hourly shows a nice intraday retest of short term resistance turned support. This is your entry and zone to manage your risk around.

You can click the links and give yourself a refresher on the higher time frame support level that Litecoin has dropped down into if you need to, but from our day trading point of view right now, this intraday zone is all that matters:

Here’s thismorning’s updated hourly chart:

LTC/USD Hourly

Once again, depending how agreeviely tight you placed your stop to the bottom of that blue zone, you could have taken an easy 1:3 risk:reward with essentially zero drawdown.

But as we see over and over and over and over, price rarely runs away immediately and has in fact given us a second chance to buy the retest.

Happy Monday! (Only a trader will understand)

✌🏻.

Return from Litecoin Gives Second Chance to Long ☀️ to forexbrokr's Web3 Blog