Ltc is sitting at an interesting place.
At the time of this idea, LTC is sitting just above the .618 retracement level of the initial monthly impulse.
This was an area of major resistance in june of 19, and was broken jan 21. now it is being tested for support.
RSI has a rising channel and is low in the channel.
I think if this monthly candle closes green, Ltc will see a swift return to $270.
Only time will tell!
This is for my reference and record as a HOBBYIST trader.
This is not advice.
At the time of this idea, LTC is sitting just above the .618 retracement level of the initial monthly impulse.
This was an area of major resistance in june of 19, and was broken jan 21. now it is being tested for support.
RSI has a rising channel and is low in the channel.
I think if this monthly candle closes green, Ltc will see a swift return to $270.
Only time will tell!
This is for my reference and record as a HOBBYIST trader.
This is not advice.
Comment:
still holding in this area of support.