LTCUSD
LTCUSD has established a breakout pattern and has begun its Retracement phase.
-23.6 fib level is a common buying level. Between the Zero fib line and -23.6 is an Accumulation Zone for Buyers.
Bullish price projections expire by February and March 2018.
Neutral position on this asset until price falls deeper into -23.6 level. Then Long would be the bias.
Comment:
Long play is approaching the 223% level, which is a common exhaustion level. Should price close above and maintain that level on a daily close, look for hints of further expansion to the 309-323% level.
