LTC: Short term channel forming
Take this TA with a pinch of salt -- trying to extrapolate off of a 24 hr period is a bit silly, even before we factor the 2x stuff into it. I usually look for more long term trades, but found this interesting so figured I'd share it.
With those caveats out of the way, we seem to be in a nice upward channel in the past 24 hours.
Next resistance point is around $65.50, give or take 50 cents. After that there's not a ton of historical data to go off of -- the next point I see after that is all the way up at $74.
I'm not ready to call moon quite yet, especially with all the chaos flying around atm. But it's starting to look exciting.
With those caveats out of the way, we seem to be in a nice upward channel in the past 24 hours.
Next resistance point is around $65.50, give or take 50 cents. After that there's not a ton of historical data to go off of -- the next point I see after that is all the way up at $74.
I'm not ready to call moon quite yet, especially with all the chaos flying around atm. But it's starting to look exciting.
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