Hello, this is looking dangerous. If LTC can't pass the fib projection where it maxed out Febuary 2nd and fell down, we may see a large drop ~84.0.
I would not invest in LTC right now, it has been around since 2011 and it is proving to not have much strength. Back in Febuary it dropped 38%โฌ from its ATH of 254.. I think this may be the end of the road for LTC, I could be wrong. To me it looks like reaching a new ATH might be the kiss of death ๐โ , with LTC completing its giant parabola and fizzling out. Another scenario is that LTC is able to maintain above current support triangle, and make a new ATH, unlikely IMO but we never know for sure right?!
This is not financial advice
Any comments, good bad๐๐, happy sad๐๐ข, are greatly appreciated
Short.
Jazerbay๐