LTCUSD - Where the hell we going?
LTC is currently fighting a three week resistance at $70-$72 with support at the $65-$61 range. There is the potential for a good buy in the $55-$52 neighborhood if support should crumble.
Next 6 months is more or less a consolidation phase for LTC. (look at September 2015 thru April 2016)
I would anticipate LTC to trade mainly between the $89-$62 range for a while before a move up in March of 2020. You could see wicks getting into the $100 area with down wicks to the $55-$52 range during this phase.
I'm not a professional trader and this is not financial advice.
Questions, comments, please let me know.
Griff
Next 6 months is more or less a consolidation phase for LTC. (look at September 2015 thru April 2016)
I would anticipate LTC to trade mainly between the $89-$62 range for a while before a move up in March of 2020. You could see wicks getting into the $100 area with down wicks to the $55-$52 range during this phase.
I'm not a professional trader and this is not financial advice.
Questions, comments, please let me know.
Griff
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