LTC: Weekly Chart Update.

4 ביולי

Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

LTC is currently retesting the crucial supporting trendline with the current price at $69.64. This supporting trendline has been well-respected since December 2018, and a breakdown below the support will likely be an uncomfortable situation for LTC.

Early this year in February, LTC broke above the important resistance trendline, and technically, at present, it is in a retest phase. The upcoming weekly close will be important for LTC.

Key Observations:

~ Current Support: $69.78 (Must Hold)
~ Lower Support: $47.90
~ A rebound from the current support will possibly build up better chances for a bullish rally in the coming days

DYOR. NFA.

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Stay strong.

#LTC