LTC Overview and Major Targets
Currently testing resistance at the 1.618 Fib level of the all-time move with StochRSI nearing overbought territory. Volume looks great, as does momentum. Expecting onward movement through intermediate resistance levels with a primary target of ~$280, taking profit at the levels below (expect each of these to turn into support once the subsequent TP is reached under current market conditions, i.e. TP1 becomes support/re-buy zone for TP2):
TP1: $183 (with SL @ ~$140)
TP2: $229
TP3: $280
A break of $280 puts ATH retrest back on the map with an extension target of $420.
TP1: $183 (with SL @ ~$140)
TP2: $229
TP3: $280
A break of $280 puts ATH retrest back on the map with an extension target of $420.
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