Posting this idea after the correction as a potential way this could play out. Neither of these trend lines are good at the moment, but curious to see if they get validated.
LTC rsi on the 4 hour is well nuetral and turned up. It had a small break below the marked channel, possibly invalidating it. I will leave it in chart.
Here, we are looking at a Narrowing Rising channel in LTC reproaching the supplied zone for a second time.
We are looking to break through the 237.65 area resistance and test our yearly high.
This is clearly not advice, this is for my enjoyment and reference as a hobby trader.
I am a novice with limited knowledge and experience. Understand this.
Dont be shy to critique!
LTC rsi on the 4 hour is well nuetral and turned up. It had a small break below the marked channel, possibly invalidating it. I will leave it in chart.
Here, we are looking at a Narrowing Rising channel in LTC reproaching the supplied zone for a second time.
We are looking to break through the 237.65 area resistance and test our yearly high.
This is clearly not advice, this is for my enjoyment and reference as a hobby trader.
I am a novice with limited knowledge and experience. Understand this.
Dont be shy to critique!
