Short term bullish movement has buoyed the LTC market as expected. Retracement is now likely but support at 42 dollars may be a good entrance point before the next push for the all time high which would ensure at least a 10% gain. Moreover, with the reopening of the US stock market after the holiday tomorrow, if LTC remains bullish there is a good chance of a strong challenge to the all time high on wednesday 2pm GMT.
That said, swift corrections are likely if another strong upwards movement is made. Volume and momentum should be monitored carefully when considering the power of another rally though a movement of 42-48 buy-sell seems currently reasonably likely.
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That said, swift corrections are likely if another strong upwards movement is made. Volume and momentum should be monitored carefully when considering the power of another rally though a movement of 42-48 buy-sell seems currently reasonably likely.
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Comment:
I knew it would push it but not this early and this strong. It will be interesting to see where it stabilizes at and/or if it pushes up to the next resistance levels.