LTCUSD has a decision to make: breakout or retest support?

Updated

Notes in chart, keep an eye on where the current weekly candle closes. Volume has been increasing recently, and RSI is coiling up. Safe buy is $65 with healthy profit taking at key resistance levels. Failure to breakout will involve a retest of local support.

Note

typo in chart on Target 2, should say $100 not $50

Note

False breakout; pullback dropped us back under that strong downward trendline. Possible retest of $43-45 support incoming.

Note

T1 and T2 hit. T3 expected to be hit by end of year.

tl93

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