LTC, still a wait and see game
LTC did great breaking out of the symmetrical triangle but now we want to see confirmation and volume to support the breakout. Right now the RSI is moving up quickly with price movement not as much. Not to mention, the buying volume is still weak compared to previous breakouts. On top of that $200-$209 has been very strong resistance and if we dont get confirmation as well as more buying pressure. We may come back down to the next support line which is around $179 or even lower.
Not going long or short until the direction is clear. Possible shooting star is forming?
Not going long or short until the direction is clear. Possible shooting star is forming?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.