Looks like LTC is taking a minute to retrace a minute from the last little run up.
Comment:
From the last update, we were waiting to see where price was moving to. It looked like LTC was retracing from its run up last week. Looking at the current 4hr we can see price action has broken/closed below our 36 day moving average and is not testing the 200MA as support, which lines up on the 618 retracement from the prior run up. 200MA lines right up on monthly / weekly support levels. We our 4hr candles close below the 200AM and m/w support we may seen price move down abit. We can find prior structure around the 180-183 area, so if price does move down this is like an area of pause. My thought is we are in a retrace and highs will come we just have to wait for the retracement to play out.
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From the last update, we were waiting to see where price was moving to. It looked like LTC was retracing from its run up last week. Looking at the current 4hr we can see price action has broken/closed below our 36 day moving average and is not testing the 200MA as support, which lines up on the 618 retracement from the prior run up. 200MA lines right up on monthly / weekly support levels. We our 4hr candles close below the 200AM and m/w support we may seen price move down abit. We can find prior structure around the 180-183 area, so if price does move down this is like an area of pause. My thought is we are in a retrace and highs will come we just have to wait for the retracement to play out.