On a weekly timeframe, the LTC is in a consolidation phase after breaking the previous weekly highs and the 23.6% level of the weekly Fibonacci retracement at 55$. However, the price is now testing this strong level that served as a support and resistance many times previously. I'm now waiting for the weekly candlestick to close in order to determine my long term...
The price has broken the weekly resistance at 0.30$ and then did the pullback on this resistance. Yesterday, the price reached our first Target at 0.445$ and then consolidated. I stay bullish on BATUSD above the weekly resistance at 0.30$ that is now serving as a support for the price. My next targets are: - TP1: 0.445$ (retest of previous high) - TP2: 0.47$...