Using the most conservative metrics I can, whenever I do technical analysis, I find the baseline trend. What are the lowest confirmation points saying? LTC is still generally in an upward trend and I believe that it will stay in an upward trend barring any black swans.
The psychology-fueled launch into the $200's will subside, but when that's done, and the price comes back to support, that's when we'll see some buying happen again. It may happen before, but I very much doubt that it will test past that support line. If you're holding, hold, but buy when it gets close to that support.
The psychology-fueled launch into the $200's will subside, but when that's done, and the price comes back to support, that's when we'll see some buying happen again. It may happen before, but I very much doubt that it will test past that support line. If you're holding, hold, but buy when it gets close to that support.
Note
Looking at it again, there seems to be a dreaded vomiting camel pattern, as well. I see some short-term bearish indicators, although, the argument could be made that it has hit another support, of sorts. 
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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.