$LTC Weekly w/Fib Overlay & Key Support
It is no secret I have been Bullish on 
LTC for this cycle, but I also want to remain transparent and real with anyone who follows. At the current time we have a confluence of support around two key Fib levels that showed up not only on this cycle, but on the prior cycle. That confluence comes in around the mid $170's. Ideally we do NOT want to lose $174 on a weekly closing basis. In addition, we also want to avoid any possible Bearish Engulfing candlestick with the end of week close, as that would put pressure on the Bullish narrative. At the end of the day, a lot will depend on the next move 
BTC puts in, as well as the macro market picture. I still contend this one goes on to put in new ATH's. Time will tell! Full disclosure: I own a fair amount of LTC.
LTC for this cycle, but I also want to remain transparent and real with anyone who follows. At the current time we have a confluence of support around two key Fib levels that showed up not only on this cycle, but on the prior cycle. That confluence comes in around the mid $170's. Ideally we do NOT want to lose $174 on a weekly closing basis. In addition, we also want to avoid any possible Bearish Engulfing candlestick with the end of week close, as that would put pressure on the Bullish narrative. At the end of the day, a lot will depend on the next move BTC puts in, as well as the macro market picture. I still contend this one goes on to put in new ATH's. Time will tell! Full disclosure: I own a fair amount of LTC. 
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.