Historical data tells us that LTC likes to retrace back to the .618 fib retracement line after big bull runs. Well we just finished a HUGE bull run from the $41 all the way up to the $74's. This has been one of the biggest runs by LTC since it was just a few months back. Now the question is, Where is LTC landing at? Well, if history teaches us anything is that it tends to repeat itself, specially for LTC. Expect LTC to drop down to around $53 to $54.
Trade closed: target reached