Hope all is well,
After a massive run up stemming from an influx of on the 6th of November to a large spike on the 8th of December (a massive $56-$358) LTC is seeing a much needed pullback to $211 where it has found support. It may her considering the run we're in, and price action is also looking for support on the 50day . If price breaks the 50 day we may see a further pullback to the 100 day around the region of previous resistance ($149 which is close to the big even of $150).
However this would mean breaking out of the lower which is unlikely.
I feel a pull back to the 50 day and lower is coming, and this would also be a fantastic buying opportunity - one I will consider myself. I would just air on the side of caution and wait to see price strength confirmation on the 50 day and even a cross (12 day crossing the 26 day )
After finding this, with some nice it may test previous highs of $308 and $357 once more.
I know this isn't my usual style of analysis but sometimes straight and to the point is good too..
Please comment below your opinions I would love to hear yours!
its first real hurdle is the fibonacci elevel at 257 or so and previous resistance of 260$
I see the MACD has now crossed and we got a volume boost, we could see a nice run
Stick, I will be doing as many analyses as possible,a nd we can bounce ideas back and forth with the community and keep each other updated to make sure we get in on good trades at the right price.
I chose this name as a anagram of the PONTUS name before having any idea about crypto (not that i have much of one now) but probabaly wouldn't have having now learned about about pump and dump. Negative association may follow me.