LTC currently retesting midterm channel

LTC currently retesting midterm channel

Z7uSRX - LTC currently retesting midterm channel

LTC has broken out of its 7 months old downward channel . Currently it is retesting the former resistance channel. If it is bounces it is bullish and it is going up to higher highs. A break back into the channel is extremely bearish and can send the price to $22, last years low. An abc pattern will form in case price goes back into the channel. It is likely to end at $24, shy of the previous years low.

Published at Mon, 13 Jan 2020 17:02:58 +0000

Spread the word. Share this post!

Leave a comment