clear LTC channel has been formed
After LTCs last surge and retracement we now have a clear channel that has formed for support and resistance.
The major resistance appears to be between the lower to mid 70s while the major support appears to be in the mid 50s in USD.
These are our buy and sell zones. You can play the in betweens if you dare but know these are higher risk levels for day trading.
If we see a break through the support line we could see retracements to the 40s or 30s again. A break through the lower to mid 70s resistance could shoot us to the
upper resistance levels of the upper 90s and possibly take us to the lower 100s. This is all conjecture at this point so take it as you will
Good luck out there!
The major resistance appears to be between the lower to mid 70s while the major support appears to be in the mid 50s in USD.
These are our buy and sell zones. You can play the in betweens if you dare but know these are higher risk levels for day trading.
If we see a break through the support line we could see retracements to the 40s or 30s again. A break through the lower to mid 70s resistance could shoot us to the
upper resistance levels of the upper 90s and possibly take us to the lower 100s. This is all conjecture at this point so take it as you will
Good luck out there!
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