LTC had down sloping consolidation on top of the wedge and finally decided to break to the upside. The 0.618 target has been reached with volume and MACD bearishly diverging. RSI has double toped on the 15 minute timeframe suggesting a short term pullback or last least a consolidation period. Let us hope that price can hold above this $70 area so another leg up can follow. Upper targets are now the 0.886 and 100% retrace of the wedge around $73.45.
Let me know what you think! Will LTC have the momentum to shift trends!?
Let me know what you think! Will LTC have the momentum to shift trends!?
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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.