LTCUSD
Comment:
LTCUSD
Comment:
Orange trend line held true, once broken it led to lower lows. May act as overhead resistance in the future.
Once the support at 41.90 broke (also seen as previous strong support) we also have see it trade sideways in the range between 41.90 and 38.80 which is where we broke out of last on this time frame. We are currently trading in the middle of the range and may re-test the lower or higher boundary of this range. A break of one boundary would be a sign of potentially where the short term market will be going.
Once the support at 41.90 broke (also seen as previous strong support) we also have see it trade sideways in the range between 41.90 and 38.80 which is where we broke out of last on this time frame. We are currently trading in the middle of the range and may re-test the lower or higher boundary of this range. A break of one boundary would be a sign of potentially where the short term market will be going.