Critical Area for LTCUSD
LTCUSDLTC is at a critical area of trendline support on the Daily Chart. RSI and OBV remain moderately strong. If the trendline is broken on the Daily Chart ,we are looking at 177-180 area for a bounce.
Strong Support Area remains around 144.
If we get a push here with some more Volume, we may go past 238 and eventually Target for 272 in the near term. A major resistance for a bullish reversal will kick in aroound 300-303 area.
A daily close today should command the direction. However , Overall in the absence of volume and fading enthusiasm around news on Litepay, i am slightly incined on the bearish side and may wait for the green levels indicated on the chart for entry.
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