LTC Make or Break

22 בספט׳ 2017

Fib retracement extension from beginning of previous ATH run, up to ATH, and down to recent touch on $33. A close on 4 hour chart below $44.73 (23.6%) will confirm bear market and we could head back towards that $33 level. If we break lower than previous low than then this chart becomes irrelevant, however, if we stay above the $33 0% level, any movement and close on chart above the $51 (38.2%) confirms that bull market is back, and then we should expect to see movement towards $57 (50%) level bringing us right back into our long term channel. It is a Friday afternoon and historically these days are best not to act until after 5-6PM EST due to unpredictable price movements. Watch this chart closely, and remember that we are currently quite shy of our consistent long term channel (green diagonal boundaries), which would currently be a price of around $54.50 minimum.