LTC has hit resistance at both the 0.5 and 0.382 Fib levels nicely, leading to a consolidating triangle formation. Key resistance level at $320. Look for LTC to consolidate in this pattern if increased volume moves LTC past $320 mark.
If LTC breaks 0.382 Fib Level resistance it could fall back down to the 0.5 Fib level ($250).
If LTC breaks 0.382 Fib Level resistance it could fall back down to the 0.5 Fib level ($250).
Yorum:
The dip to 250 support was fast! Lets see if this holds.