GeorgeTDZ

GeorgeTDZ

Wait for the price to retest previous broken support which is supposed to become resistance.

GeorgeTDZ

Price may go into lower zone before finally make new bull momentum. There is no guarantee the trendline can still hold atm.

GeorgeTDZ

Recently we saw support at 194 finally breached and a drop to 180 is expected. Based on the chart what I can say is the price should go up from the trendline. Let me know what you think.

GeorgeTDZ

In smaller TF it look like it forming inverted h&s at the base right after it fell to support level. It hardly climb toward previous resistance zone (220-240) as it need to breach first resistance at 207. Let me know what you think.

GeorgeTDZ

There will be either two scenarios. If the trendline which suppose to be acting as dynamic support still hold the price should be bounce up from there (around 550). If it fail to hold it would likely drop to somewhere 400-450 price range which is the best buy entry.

GeorgeTDZ

From here we can see a possible price movement to the upside.

GeorgeTDZ

From what I observed LTC is still in impulsive wave and in strong uptrend channel. It will retest previous high at 300.

GeorgeTDZ

Short at previous high@133 and long at previous low@127. Wait for price show direction but likely it will go as point out in analysis.

GeorgeTDZ

Just my idea. Long after the price reach below 400