In my last analysis, I stated 2 possible probabilities that could take place (you can read it here).
We have a decisive breach downwards of the symmetric triangle, as well as the support trend line, and could possible test some high probability support zones I have labeled in the chart.
I do not believe that we could re-test anything lower than $150. Although, an alternate opinion I would like to state is that LTC is currently holding at a support zone as of now, and if this support fails to hold, the next support zone we could possibly re-test would be the $170 - $160 range in price, and if that one fails to hold as well, then.. yeah, you get the point.
We have a decisive breach downwards of the symmetric triangle, as well as the support trend line, and could possible test some high probability support zones I have labeled in the chart.
I do not believe that we could re-test anything lower than $150. Although, an alternate opinion I would like to state is that LTC is currently holding at a support zone as of now, and if this support fails to hold, the next support zone we could possibly re-test would be the $170 - $160 range in price, and if that one fails to hold as well, then.. yeah, you get the point.