Hello everyone, I invite you to review the current situation on LTC. When we enter the one-week interval, we can see how the price is struggling to return above the upward trend lines.
Here you can see how the current rebound is going towards resistance at $ 82.82, then resistance is visible at $ 95, but an important resistance point will be around $ 115.
Looking the other way, you can see that the price has gone below the support level at $ 70, however, we could see a quick rebound, in a situation where the price continues to go down, the next very strong support is around $ 50.
It is worth looking at the RSI indicator, which shows another descent in the week interval to the level where we could previously see strong price rebounds, which could potentially repeat itself.
Here you can see how the current rebound is going towards resistance at $ 82.82, then resistance is visible at $ 95, but an important resistance point will be around $ 115.
Looking the other way, you can see that the price has gone below the support level at $ 70, however, we could see a quick rebound, in a situation where the price continues to go down, the next very strong support is around $ 50.
It is worth looking at the RSI indicator, which shows another descent in the week interval to the level where we could previously see strong price rebounds, which could potentially repeat itself.
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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.
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.