LTC is rising from the multiple years triangle pattern . At this moment is retesting and consolidating up from the trend line. Also the 200 MA
is working great as resistance and we had a bounce on the 4 hour chart. Expecting to rise and reach the top of the channel this week or the next .
is working great as resistance and we had a bounce on the 4 hour chart. Expecting to rise and reach the top of the channel this week or the next .
Comment:
Hello everyone , as I expected in my previous post LTC made a good run and climbed to the top of the channel were it found resistance at 71.5 . From here i expect imediate consolidation and retesting of the upper chanel resistance line. RSI is in very good position right now at around 70 on all three time 1 hr, 4 hr and 1 day time frames. with high volume.