On Mar. 8-9 the .618 support held near perfectly with regards to LTC price movement. Devoid of clear buy or sell signals from MACD and/ or RSI analysis we will depend on the Fibonacci levels, volume, candlestick patterns. A red doji seems to be forming on very low volume (not visible on this chart due to its scope) implying a green one may follow and price is headed upwards. If this is not the case 135 should serve as the next support implying LTC is a strong buy around 140 and if 135 should break (a sustained break) this will be a very bearish sign.
Yorum:
UPDATE: On 3/11 LTCs price confirmed previous idea from two days prior (based on red doji and low volume) that price is headed up short term. Our next upper line of resistance is 196, 9 dollars away at the time of writing. If we can cross and stay above that resistance line, the .382 extension on the Fibonnacci, this will be a strong bullish sign.