Looking at LTC 4 hour chart we can see that we are still in the uptrend channel. This market is still bullish and is sitting at the bottom of the channel with the 100 and 200 EMAs just below as support. I anticipate this area will act as support and serve as a reversal back towards the top of the channel. The $159 has acted as support on 4 occasions in the past...
This is my first published idea on TV so any constructive feedback is appreciated. As we sit retesting the major resistance/support level at 171 with all the hopeful bulls calling for a breakout, I'm noticing a potential H+S pattern forming along this resistance as the neckline. With this being said I expect we will see another retest of the 171 within the next...