Not stating this as definitive evidence, however, as traders and investors, if something sticks out to you do not ignore it... That being said, LTC last visited the $93ish resistance and failed just over a month ago. At that point, the 1-hr 50EMA was LTC's support on the way up, but after rejection it served as a substantial resistance...now look at today's chart. After double-topping and failing at the $93ish region, we see a pullback and potential suppression by the 50EMA on the 1-hr.
This is something I am staying very vigilant of, and looking forward to ultimate long positions, which may exist at the $82 region if LTC respects the longterm trend again.
Not financial advice and the best of luck to everyone!
Let me know if you see something different!
This is something I am staying very vigilant of, and looking forward to ultimate long positions, which may exist at the $82 region if LTC respects the longterm trend again.
Not financial advice and the best of luck to everyone!
Let me know if you see something different!