LTC has been at a great spot in this market. Forming a Cup and Handle, followed by breakout from the ichimoku cloud. The only next step is to break the 200EMA on the daily. Looking at the current price action, it appears that LTC is leading the market and hopefully the market will follow this price action
LTC still needs to break the dreaded 200EMA before it can start a rally, which looks highly plausible.
LTC still needs to break the dreaded 200EMA before it can start a rally, which looks highly plausible.
Trade active
LTC has broken 200EMA on the daily and has closed above it with significant volume. Long positions are active and overall outlook is bullish Trade active
LTC broke local resistance and is rallying ahead with 12% gains for the day, the following chart shows the next targets of the trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.