The correction of the previous wave of growth in the LTC market lasted for almost a month. After setting a local high of $185.83, buyers retreated. As a result of the correction, a triangle was formed in which the LTC price was traded until February 2.
In , we showed potential LTC buying areas.
Thus, testing the range of $126-130, the price of LTC began a new wave of growth and went beyond the consolidation triangle.
Buyers managed to take control of the $145-150 range. If sellers fail to lower the price below this range today, we will expect continued growth to $171-175
An alternative scenario will begin if an erroneous breakdown of the $145-150 range is formed in the daily timeframe. In this case, a new clear channel of LTC growth will be formed and we will expect a correction to $132-133 ________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!