A few paths for LTC

14 Mar 2018

Traders, I see a few different options for LTC coming up soon. The daily RSI shows a little more room for downside but with a greater prospect for upside. The MACD is showing a tad oversold but there's not much evidence there for a bullish divergence yet. I'm hoping LTC can sustain this main purple channel until the next break upwards but if not, there's some good support found from $80-110. Anything below that will most likely get eaten up fast and send it right back up. For now, I would wait until it is clear these patterns have been broken to assess a new position. Good luck