IF LTC moves to the upside it should test the resistance level around $67.00 area.
BUT even if we break through that we still have to break through the 35 and 100 day Middle-High-Low-Moving Average which acts as a second level of resistance.
This is really HEAVY resistance so expect it to bounce off or resistance and come back down to support at $48.00 area.(RED/GREEN LINES)
RSI-- is sitting low at the 42 mark and is still in downward position and has a lot of room to move up.
(relative strength index)
If price starts to reach resistance levels mentioned above put tight stop loss in and watch price to move higher.Keep moving stop loss accordingly so you can be ready for the pull back to support.
BUT even if we break through that we still have to break through the 35 and 100 day Middle-High-Low-Moving Average which acts as a second level of resistance.
This is really HEAVY resistance so expect it to bounce off or resistance and come back down to support at $48.00 area.(RED/GREEN LINES)
RSI-- is sitting low at the 42 mark and is still in downward position and has a lot of room to move up.
(relative strength index)
If price starts to reach resistance levels mentioned above put tight stop loss in and watch price to move higher.Keep moving stop loss accordingly so you can be ready for the pull back to support.