LTC/BTC ANALYSIS (SMALL CORRECTION BEFORE TAKEOFF)
LTC/BTC ANALYSIS:
LTC seems to have entered a small accumulation phase after topping off at 7800 sats. I would like to see a small correction back down to 7000-7100 sats for a prime long entry zone. LTC has plenty of room for growth. The next major resistance zone is not until over 8500 sats! The key entry zone would be the 7100 sats and below. The future outlook is to hit Target 1 of 7980 sats, Followed by T2 at 8330 sats. Lastly, the main target is inside the next resistance at T3 of 8900 sats. I expect a strong rejection and possible retrace upon entering the new target order block. RSI and stoch has topped off at the current state, so a small correction is expected before the next wave up. Place buy order accordingly!
Possible Entries: 7000-7100 sats
LTC seems to have entered a small accumulation phase after topping off at 7800 sats. I would like to see a small correction back down to 7000-7100 sats for a prime long entry zone. LTC has plenty of room for growth. The next major resistance zone is not until over 8500 sats! The key entry zone would be the 7100 sats and below. The future outlook is to hit Target 1 of 7980 sats, Followed by T2 at 8330 sats. Lastly, the main target is inside the next resistance at T3 of 8900 sats. I expect a strong rejection and possible retrace upon entering the new target order block. RSI and stoch has topped off at the current state, so a small correction is expected before the next wave up. Place buy order accordingly!
Possible Entries: 7000-7100 sats