LTC Bounce or Flounce
Updated
LTCUSD is coming up to a critical moment in its recent trend, we're getting close to the angle where the most recent bounce happened that put us to the top of the channel (a descending wedge) for LTCUSD. I'm looking to see if support around 42-44 is strong enough to bring us back up to the top of the channel or if it will be shattered where I will be expecting some bounce opportunity buys in the high 30s. With a longer term target set on 29-37 or so which is our 50% retracement from the bull run on July 6-7.
Buy Fear. Sell Greed.
Buy Fear. Sell Greed.
Note
I misspoke 36 would be our retracement from the bull run in mid June. Apologies.Trade active
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