LTC is trying to sustain above its important level near 88.50 and if sustained above that, it would target 100+
Attached Image (click to enlarge)
- Joined May 2019 | Status: Member | 1,178 Posts
No real change in LTC's view. It stays sideways with Resistance around 89-90
- Joined May 2019 | Status: Member | 1,178 Posts
LTC is in middle of a selloff and trading at its important support of 71.0 - 70.0. A sustained break below would target 10% lower.
- Joined May 2019 | Status: Member | 1,178 Posts
LTC is very likely headed towards 47.0, the lows last seen around Nov 2022.
- Joined May 2019 | Status: Member | 1,178 Posts
LTC is currently in a bearish rally and faces resistance near 67.50 and then 76.65
Yesterday, horizontal support was broken on the hourly chart, which held back the fall for a long time for the second week. However, the price's approach from below to the heavy moving average with a period of 200 did not bring success to the bulls. Its false breakdown served as the starting point for the rally to the south. It is noteworthy that yesterday two Hammers were formed, almost one after the other. This could tell about the strength of the bulls. But if you look at the basement indicator, then its movement into the overbought zone does not lead to price movement on the chart. Which may indicate a change in the trend in the market. Most likely, the bears have not taken their toll yet and the movement will continue, or we will go flat.