I'm going long on LTC right now until 87.81. Why I chose to start the long now, Last nights panic sell dump landed the price in 2 areas, 1. S/R on the daily, as well as an ascending support trend line which has been running since late 12/22. The reason I'm running it till 87.81 is because there is a major S/R zone on the 4 hour right above it and I believe the 200MA will also come and into play and potentially act as resistance there. There are smaller local S/R points on the 4hr as shown, but I believe it will fight and beat it. But by then I will have moved my SL either into profit or BE. I just hope my SL point right now is wide enough to hold it.
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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.