ltc long
Updated
I believe we broke out of a weekly trend line resistance we faced since the high at 146. The breakout measures to 165$, but you can see the trend line from the high at 182$ down to 146$ and we could see LTC go touch that trendline in the medium term and retest some levels below for support before a move to the 165$ level. If that push to that next resistance line happens before the start of November it'll hit the 100$ level or above depending on time.
Trade active
TP: 60 TP: 80
TP: 100 area
TP: 160
Stop loss placed below breakout around 42.50...in which I'd wait an re-asses an entry point.
Note
If we do break the 42.50 area we could possibly be looking towards a macro triple bottom, around the 25$ area.
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.