Ever since LTC broke its 3yr triangle (which was 2cycles ago ATH) it has been defeating each fib level to get to last cycles ath. LTC is now entering the final resistance levels toward that $400 ath level and enter into new price discovery. Still a long way to go over the next two months, but LTC just solidified support from last cycles 3x fib that corresponds to this cycles .382level. I have shown these levels in green now.
Resistance is now between 206-219, if that gets broken again LTC should then move up and test the .618 at 250 which could easily become support at that point with momentum depending if BTC goes to 80K over the next two months like I think it will.
indicators look to be showing support now as well
hope you bought those nice dips we just had
Resistance is now between 206-219, if that gets broken again LTC should then move up and test the .618 at 250 which could easily become support at that point with momentum depending if BTC goes to 80K over the next two months like I think it will.
indicators look to be showing support now as well
hope you bought those nice dips we just had