The red box represents a resistance zone for LTCUSD, a close below the red line in the red box will trigger pull back for LTCUSD . The first area of interest is the blue line which could provide some support but ultimately the green box below is where the first sign of highest demand would be. In the opposite scenario which I thin is less likely, If LTCUSD closes above the red box, then more expansion upwards is expected but im in favor of some retrace here. Good luck.
Although I'm not a fan of holding longterm positions because it's always better to pay yourself and re-enter again when an opportunity presents itself. I think LTCUSD has this great demand zone below that most likely will be visited. Good luck all.
Bullandbeartrading
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Strong SUPP and RES zones.
Cortex_
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@Bullandbeartrading, Yes they are both short term though, I am highly suspicious of distribution occurring now on both BTCUSD and LTCUSD. Looking at the weekly I believe LTCUSD has a high probability of a bigger correction.