Very bullish LTC formation
Updated
LTC is rising from the multiple years triangle pattern . At this moment is retesting and consolidating up from the trend line. Also the 200 MA
is working great as resistance and we had a bounce on the 4 hour chart. Expecting to rise and reach the top of the channel this week or the next .
is working great as resistance and we had a bounce on the 4 hour chart. Expecting to rise and reach the top of the channel this week or the next .
Note
Hello everyone , as I expected in my previous post LTC made a good run and climbed to the top of the channel were it found resistance at 71.5 . From here i expect imediate consolidation and retesting of the upper chanel resistance line. RSI is in very good position right now at around 70 on all three time 1 hr, 4 hr and 1 day time frames. with high volume.
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.