LTC 1 hr: Short Term Trading Within a Range
We have a bit of a bullish outlook on the 1 hr. RSI at 58, bullish MacD cross with some angle on it. We have what looks to be strong support at 73.50. We also have our previous bullish channel bottom as support and the 50 MA at 54.80. A retest of 78.29 looks likely but I anticipate a lower high rather then a breakout unless we get a positive news catalyst. Another perspective could be we are forming a reverse head and shoulders which would also fit within our weekly hypothesis.
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