LTC is at a point where it could break Bullish or Bearish. LTC tested resistance level around the $59.00 area and came back down to Support around the $56.00 area.
If LTC breaks the resistance level we should head up to the next leg resistance at around the $61.00 area.
If LTC breaks bearish it should come back down to the support line #2 around $54.00 $55.00 area
RSI--is in a downward move currently at the 42 mark with room to move down or up.
(relative strength index)
MACD--showing a possible cross with blue over red meaning and upward price movement,but could change any minute.
Keep a close eye on this as it could go in either direction at this moment .
If LTC breaks the resistance level we should head up to the next leg resistance at around the $61.00 area.
If LTC breaks bearish it should come back down to the support line #2 around $54.00 $55.00 area
RSI--is in a downward move currently at the 42 mark with room to move down or up.
(relative strength index)
MACD--showing a possible cross with blue over red meaning and upward price movement,but could change any minute.
Keep a close eye on this as it could go in either direction at this moment .