Here is an update on LTC. Clearly undervalued and oversold. However further move downward is an option and is highlighted on the chart. Here we sit, a bounce to $130 is necessary because below $95 next strong support is at $50.
This trade is driven by 3 main factors: - LTC currently sitting at key support $95 - RSI is oversold - RSI forming falling wedge
1st target is $130.
Of course this forecast is not a financial advice, study, exercise yourself, put into question your reasoning. Well, strive to be a better trader tomorrow than we are today.