LTC USD - LTC is looking good. $280 next major hurdle
LTC is moving. We have some M/W resistance around the $280 mark but things are still looking right.
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We are bounce on new support at $225-30 mark. On the 4hr we can see a possible bullish rectangle forming which could mean a continuation breakout. Still believe $280 is insight with stutters around $240 and $260ish.
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Latest 4hr:
LTC broke down out of the rectangle pattern drawn yesterday and is not testing $225 as new resistance, so we'll be waiting a little longer before $280 is being seen. LTC is still consolidating, maybe in to a larger bullish rectangle (see green rectangle)?
Right now we'll see were the next couple 4hr candles go . We do have support at $210ish area that is not a significant at then $190 mark. Could see $210 broke and some spike down to the $190. Looking the the day buy/sell orders it appears to have some more sell (down) pressure at this time.
Waiting
Latest 4hr:
LTC broke down out of the rectangle pattern drawn yesterday and is not testing $225 as new resistance, so we'll be waiting a little longer before $280 is being seen. LTC is still consolidating, maybe in to a larger bullish rectangle (see green rectangle)?
Right now we'll see were the next couple 4hr candles go . We do have support at $210ish area that is not a significant at then $190 mark. Could see $210 broke and some spike down to the $190. Looking the the day buy/sell orders it appears to have some more sell (down) pressure at this time.
Waiting
