Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to the new LTC update.
Today is LTC's halving and this might be the sell-the-news event. According to the chart, it is forming a symmetrical triangle in the weekly time frame and rejecting the resistance zone of $100-$120. I'm expecting it to drop more from here.
IMO, the best buying area for LTC is around the $60-$70 level. We have support here and also here the lower line of the symmetrical triangle lies.
Once it breaks out from this symmetrical triangle a new bullish rally starts for LTC and do not expect this before a proper bull run.
Hope this chart helps you. If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
Welcome to the new LTC update.
Today is LTC's halving and this might be the sell-the-news event. According to the chart, it is forming a symmetrical triangle in the weekly time frame and rejecting the resistance zone of $100-$120. I'm expecting it to drop more from here.
IMO, the best buying area for LTC is around the $60-$70 level. We have support here and also here the lower line of the symmetrical triangle lies.
Once it breaks out from this symmetrical triangle a new bullish rally starts for LTC and do not expect this before a proper bull run.
Hope this chart helps you. If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
