LTC broke the trend support is sitting @ about $84 right now. A fall to the 200 MA is likely, and then perhaps a bounce. Key supports are $81.30 and $76.50. Target is to retake $150, and then progress to the top of the trend line which is right at $217. A breakdown below the 200 MA could result in a fall to $76.50, then probably further. LTC last fell below the daily 200 MA in May '18, and then got crushed by the 21 EMA until December. Holding the 200 MA level is critical.
Trade closed: target reached:
LTC had a bounce off the daily 200 MA @ $81.80. Daily trend is bullish sitting @ $86.50. I'd like to see LTC get back above the Trend Support line and make a move to clear the 21 EMA and get back on top of the resistance.