Tread Cautiously With LTC

If the downward trend continues we might see LTC reach $60. Currently, there is strong resistance set up at $100-$110. This downtrend still appears to have some momentum and may break the $100 resistance point. I will be more interested in price action around the $60 range.

This is not investing or trading advice. Make your own decision based on your own research.

Criticism and feedback are very welcome.

Commentaire:

Prior to the SEC/CFTC hearing on February 6, 2017 LTC price increased on strong volume. This hearing was positive considering the news over the past month. Most recent upward resistance is around $178. Buy volume has been lower starting on Feb. 7. I am not expecting a break above $178 based on current market conditions. I am keeping my money on the sidelines right now.

This is not investing or trading advice. Make your own decision based on your own research.

Criticism and feedback are very welcome.