LTCUSD: Current support @ $69-70 in this current up channel
Updated
There is decent support @ $69 to $70 range right now in this little up channel that I believe has formed since the low of $62 on hindsight. If bulls can rally past $72, which currently has heavy sell orders, then $75-79 rage is possible. Also, the MACD on the 3D is looking to possibly cross soon and that that has usually corresponded to a little bump in LTC price even in an over all bear market; however, must be cautious as the 3D MACD has also shown great divergence in the past as well for LTC. Also, follow the 1W chart RSI and MACD.
Note
Bulls defending close to $69 level so far and this is pretty much in the upper channel just above the moving average in the 1D Bollinger Band chart. 4HR MACD and RSI also turning and BBW in the narrow range for possible larger price action move soon. Bears with relentless constant selling pressure at $70. Stalemate for the moment.
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