Updated chart. Hopefully, it breaks out of this downward channel sooner but if not I'm looking for a breakout around $252.14. If it goes below then I'm pretty sure people will lose faith in LTC and it's going past $200.
Hopefully this is an ascending triangle and turns around at the $3.07 mark. Otherwise, the next support looks to be at $288.88. The last support would be at $261.10.
I'm in this one for the long term but I think they may have a short term dip. My indicators show it's overbought and the Chaikin Oscillator shows a trending decline towards the Zero Line. Wish I could have gotten in this one on the ground floor but I think it still has a lot of long term growth potential as eSports becomes bigger in the U.S. Feedback appreciated.
Very new to trading and learning how to use all these tools. Seems to be trending right along the .618 support line. Am I using this correctly? Feedback appreciated.
