LTC mid term trading opportunities.
Based on LTC daily chart, it is forming a falling wedge which may turns into an uptrend if it breaks the falling wedge resistance of around $160.
Based on MACD indicator, LTC is currently in a oversold state which indicates that an uptrend is due.
We may see a final dump before the next uptrend move based on Elliott Wave Theory. My personal price target for LTC mid term is around $210.
Based on MACD indicator, LTC is currently in a oversold state which indicates that an uptrend is due.
We may see a final dump before the next uptrend move based on Elliott Wave Theory. My personal price target for LTC mid term is around $210.
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