Tread Cautiously With LTC
Updated
If the downward trend continues we might see LTC reach $60. Currently, there is strong resistance set up at $100-$110. This downtrend still appears to have some momentum and may break the $100 resistance point. I will be more interested in price action around the $60 range.
This is not investing or trading advice. Make your own decision based on your own research.
Criticism and feedback are very welcome.
This is not investing or trading advice. Make your own decision based on your own research.
Criticism and feedback are very welcome.
Note
Prior to the SEC/CFTC hearing on February 6, 2017 LTC price increased on strong volume. This hearing was positive considering the news over the past month. Most recent upward resistance is around $178. Buy volume has been lower starting on Feb. 7. I am not expecting a break above $178 based on current market conditions. I am keeping my money on the sidelines right now. This is not investing or trading advice. Make your own decision based on your own research.
Criticism and feedback are very welcome.
Disclaimer
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