It seems the 3 day chart is getting respected right now. LTC is overly pumped because the halving is coming and it came off the lows of a bear market. The stochastic indicator is overboght and we got rejected by the 200MA.
I dont think the first green support line ive drawn stands any chance of holding. My hope is in the second one around 50 dollars. If the second doesnt hold as crazy at it sounds we might make new lows and go to 15 dollars. It we do get to 15 dollars it will be very difficult to play because most people would buy back at any slight bounces on the way.
I personally am currently out of LTC. I sold at 77 dollars and i am realistically waiting to buy in at 40-50 dollars.
I dont think the first green support line ive drawn stands any chance of holding. My hope is in the second one around 50 dollars. If the second doesnt hold as crazy at it sounds we might make new lows and go to 15 dollars. It we do get to 15 dollars it will be very difficult to play because most people would buy back at any slight bounces on the way.
I personally am currently out of LTC. I sold at 77 dollars and i am realistically waiting to buy in at 40-50 dollars.