LTC Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

LTC is still trading above 20-day EMA and 50-day SMA which is positive. Also, the moving averages completed a bullish crossover today. However, LTC has suffered from the trendline in the past four days. Once this trendline is broken out, it may go to its first target at $260 thereafter $300.

On the way down, $200 level should be a good support. LTC will be negative only if it goes under $175.

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.