Look for volume at key resistance and support points for direction. If we break below .5 level, then we may head down to low 33 before pushing back up and creating new support at the .618 level.
Trade active:
Updated chart with trend-lines added here. Over the long term, LTC is a BULLish chart. This short I'm opportunity I'm proposing to low 33 is in the near term. Also, if the channel I'm forecasting holds true then expect extreme highs and lows, for example, it could hit over 600 then crash to 135. Be prepared to short other peoples' money and stay strong on your own holdings. Build your wealth. Good luck!
Comment:
We're starting to see some buy support right at the .618 fib line, lets see if more support comes into play here.
Comment:
We're seeing a nice little rally, trend broken?