LTC Critical support level

27 Şub 2018

So I have been saying for a few days that this run is not strong enough to keep momentum. Right now LTC is testing the lowest trend support line and still has plenty of Gaps in the chart below 188 down to 169 that I believe it has to retrace before it can truly trend upward. It has retraced every previous double bottom in the pattern down to peak in the valley or slightly below to where it went vertical so I see no reason for this to be different. IF we get a bounce and it hit's the upper trend around 226 line again we may pick up enough volume to push through but I am not a fan of that call currently and would still wait for retrace to confirm that play as I would rather miss a few bucks on a trade than get hung on a dive down. I set a buy at 169 when it peaked and still believe this to be the right level but as always time will tell.

9 Mar 2018

İşlem kapandı: hedefe ulaştı

So I now believe we are within a very small range above 155 but below 169 that is the true end of this bearish cycle based on fractal patterns. I have had this call at 169 for quite a few weeks now and the next pattern says we go higher. Not advice just ideas but look left at the history and the pattern shows you what's coming