Traders like support or resistance to be tested 3 times before they take a shot. Price has tested support for a 3rd time and this pair looks like its gaining momentum. Bulls are coming to the fore to take price up.
When I look at this chart it seems the ascent has only just begun and we have along way to go. LTC is a good long-term hold and I believe has lots of room to go higher against the USD.
Take some profit at the first target level - 526.
Then the second 673 and the third 825. Targets are approximate - check for price action and a change of trend on the lower time frames to confirm targets.
When I look at this chart it seems the ascent has only just begun and we have along way to go. LTC is a good long-term hold and I believe has lots of room to go higher against the USD.
Take some profit at the first target level - 526.
Then the second 673 and the third 825. Targets are approximate - check for price action and a change of trend on the lower time frames to confirm targets.