Past year and this year
Looking at the long term history of LTC (last 12 months) we can see the bottom trend line that LTC had followed (yellow) and the upper resistance (blue) that we kept trying to get over. With each failed attempt at breaking the upper resistance a fall to the support line occurred. In december LTC broke through that upper resistance. After a subsequent meteoric rise to 420 we have now fallen back down to the blue line, From here we should bounce along this new support for several months while establishing a new upper resistance. Should the blue line not hold a drop to the previous support around 80 is very likely.
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.