Happy Sunday everyone. We have been holding up fairly well the last few days after that fall to the lower $160's. After reaching $192, we fell back down into the lower $170's. We are slowly approaching that area again, so I have that labeled as our main target to get passed right now. That is where our key resistance is and if we can get a closing candle above that, that will be good for LTC.
If we do manage to fall, our first short term support is at about $184.10. If that is broken, then our current bull flag is broken. Our next key support is at the $179 area. That is where our support line from the fall of the $160 lies. If we do approach those areas, make sure to check the Stoch Rsi and the OBV to determine if the support will hold up or not.
I am expecting us to test our short term support in the next hour or so. Hopefully, after a retest of that, we can test our resistance of $192 and fight to $200. Remember though, we need to keep a close eye on BTC, as it seems that every time BTC takes a fall, we and all the other coins go with it.
Don't forget to check out my previous day TA's in the related ideas section and please like/follow if you would like to stay up to date with my daily TA's.
If we do manage to fall, our first short term support is at about $184.10. If that is broken, then our current bull flag is broken. Our next key support is at the $179 area. That is where our support line from the fall of the $160 lies. If we do approach those areas, make sure to check the Stoch Rsi and the OBV to determine if the support will hold up or not.
I am expecting us to test our short term support in the next hour or so. Hopefully, after a retest of that, we can test our resistance of $192 and fight to $200. Remember though, we need to keep a close eye on BTC, as it seems that every time BTC takes a fall, we and all the other coins go with it.
Don't forget to check out my previous day TA's in the related ideas section and please like/follow if you would like to stay up to date with my daily TA's.
Komen:
Oh I apologize the chart pops up like that... I should have double checked the placement of it.. Just slide it over to see the rest of the chart.
