LTC Area of Value Idea
After LTC's 2017 run it retraced 95%. Price action created a falling wedge which broke and went sideways before falling below the .886 retrace.
- Currently LTC is in a falling wedge similar to 2018.
- If price breaks and shows no strength we can continue selling off.
- A possible Bullish Bat pattern is in play with the 95% retrace also being a 2.618 of B-C Leg.
- Look for bullish divergence on day/week chart around $30 for a great area of value.
- Currently LTC is in a falling wedge similar to 2018.
- If price breaks and shows no strength we can continue selling off.
- A possible Bullish Bat pattern is in play with the 95% retrace also being a 2.618 of B-C Leg.
- Look for bullish divergence on day/week chart around $30 for a great area of value.
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