Thus far, this particular chart is playing out well. This is significant. Last week, I said that LTC could be due for a major breakout IF and ONLY if it did not violate the lower support of the formation. The last time I predicted a breakout, it happened... albeit the wrong way! I'm hoping this time the breakout takes LTC to the next level of support, which I believe it will. The reason is, the volume is slowing down and the price is oscillating nicely within the triangle. This is a natural progression. But it will take big news and the whales coming in to take it to the next step. I think that's about to happen. Whether it's some type of deal with Amazon, or some other retail giant, I think any type of strong partnership will elevate LTC to a new base level above $350. Just my opinion, but we'll see.
I'm sitting on more LTC than anything else right now, and I'll stick with it for the time being. What are your thoughts on the impending news rumors? What have you heard?
I'm sitting on more LTC than anything else right now, and I'll stick with it for the time being. What are your thoughts on the impending news rumors? What have you heard?