LTC Running On Fumes--But Clear Road to $66?
LTC has broken through what could (arguably) be defined as the strongest possible resistance level between the recent consolidation zone (above the 200-Week MA) and the all-time high of $370. This channel contains a large portion of LTC's volume and may lead to high volatility and price discovery--with the next level of strong resistance at $66 and $71.
On the other hand, the RSI has run into a significant resistance level, and stochastic RSI has reached levels not seen since May, 2017.
On the other hand, the RSI has run into a significant resistance level, and stochastic RSI has reached levels not seen since May, 2017.
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