Interesting long term analysis on LTCUCSD! We went for a shorter term view on our analysis and have identified key resistance and support levels. Currently, prices are approaching our first support at 50.58 which is made up of a horizontal swing low support, 61.8% Fibonacci extension and a 78.6% Fibonacci retracement. Stochastic is approaching support at 5.78% where we might see a corresponding bounce in price. if a potential bounce does occur, we might want to look at 56.95 resistance level which consists of a horizontal overlap resistance, 61.8% Fibonacci extension and 50% Fibonacci retracement. Looking forward to see how things develop.
Please have a look at our idea and we would like to hear your thoughts.
arandon
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how low do you think we can go?
tormaster2
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@arandon, falling wedge is bullish so we could be bottom out on this falling wedge of litcone. $47 is the low, breaks that $38 could be the low. On YouTube I would follow mitch ray. Tell him tor master recommended you when he is live. I'll post my sell target on the next mega boom on litcone and vise versa
Please have a look at our idea and we would like to hear your thoughts.