After piercing through major resistance yesterday and closing above channel, LTC fell back under resistance and back in channel. Now it is supported by the 20 ema on the 4hrs. Again the decision lies with BTC, if BTC rallies, LTC will rally and the opposite is true.
I have drawn all possible paths. I expect that LTC will test the 200 ma on the 4hrs which coincide with the resistance of the large descending channel in purple. If not it will go down to $49.
I have drawn all possible paths. I expect that LTC will test the 200 ma on the 4hrs which coincide with the resistance of the large descending channel in purple. If not it will go down to $49.
