LTCUSDT at weekly resistance and likely to head down

The price has hit the weekly resistance WR1. The price has momentum and strength. However, I still expect the price to retrace here towards daily resistance. This may provide it the additional strength to move beyond that weekly resistance WR1.

Trade geschlossen: Ziel wurde erreicht:

So the price has reached the target and has hit the daily support as expected in the post. It took a while but it did reach to the target and that concludes this trade. The price shall bounce from this daily support.l I think briefly it may go under the support but should climb up quickly. I think a long will be favorable here. I will post this long idea in a separate post.