LTC Analysis

I'm a big fan of wedges and fans. If you can find them and match them to charts, you a much better idea of support and resistance zones. In any market, they are not really horizontal as everyone seems to think. Added with Fibonacci, looks like LTC is working in what I call a good trading zone. It'll probably bounce up and down within the upward green zone but we also have to take into account it hit the 50 SMA and drove itself down to the 0.323 Fibonacci range. In my experience, this is a buy zone but it's likely LTC will go sideways for awhile or drop and range between 81 and 95, the bottom of the green range. If it bounces upward from there, it's a good channel support and you can trade within those channels.