LTC AND THE 50EMA
Not stating this as definitive evidence, however, as traders and investors, if something sticks out to you do not ignore it... That being said, LTC last visited the 93ish resistance and failed just over a month ago. At that point, the 1-hr 50EMA was LTC's support on the way up, but after rejection it served as a substantial resistance...now look at today's chart. After double-topping and failing at the 93ish region, we see a pullback and potential suppression by the 50EMA on the 1-hr.
This is something I am staying very vigilant of, and looking forward to ultimate long positions, which may exist at the $82 region if LTC respects the longterm trend again.
Not financial advice and the best of luck to everyone!
Let me know if you see something different!
This is something I am staying very vigilant of, and looking forward to ultimate long positions, which may exist at the $82 region if LTC respects the longterm trend again.
Not financial advice and the best of luck to everyone!
Let me know if you see something different!
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