Taking into account the massive run it's been on I can see buying exhasution starting factor in, plus the RSI and Stoch seem to indicate some downward momentum coming in, but you have to also keep in mind the halving coming up in about a month so I don't see it dropping too far.
A retrace to test support @ $110 area would be an ideal sport to grab some and hold for the big event.
A retrace to test support @ $110 area would be an ideal sport to grab some and hold for the big event.
Komentar:
Well you can see it tried to make its way back into the channel, but got rejected and is now traiding under the support zone turned resistance
The lower tf isn't very reassuring. Low volume on this bounce back and a pretty solid rejection keeping us out of the channel that LTC has been trading in recently also leads me to think we're going to see some more red