LTC hanging by a thread on the daily
LTC has been breaking support after support and if it breaks this support it will drop to $50 eventually. A bounce will target the resistance line of the channel.
Oscillators are bottomed out so there is a good chance it will bounce. Things look much better on the 4hrs (see idea below). So I am biased for a bounce, but not strongly.
The possible price actions, both bearish and bullish are further confirmed on the weekly.
Oscillators are bottomed out so there is a good chance it will bounce. Things look much better on the 4hrs (see idea below). So I am biased for a bounce, but not strongly.
The possible price actions, both bearish and bullish are further confirmed on the weekly.
Related publications
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.