LTC: 3 Week Pendant

Looks like we're in a new pendant. Should see a break before December 5th.

Points to watch:
Resistance 1: $63.70 Current top of pendant, will lower day by day
Resistance 2: $62.50 Multi month support/resistance
Support 1: $56.40 Multi month support/resistance
Support 2: $54.75 Multi month support/resistance
Support 3: $54.35 Current bottom of pendant, will raise day by day

Comment:

Bounced off of the top of the pendant.

If the 62.50 support holds we can try for a breakout. If not, we'll likely head back down to around 60.50 before (hopefully) bouncing back up.

Comment:

Time to retest the top of the pendant (~$63) again. If it acts as a support we're in good shape for a break out.