Right now we are in a upward channel, short term setting higher highs and higher lows. To continue this pattern, we first need to past a small resistance of $133, then we will need to test our key resistance which is about $135.5. This is the previous high we reached a little bit ago. It happens to match perfectly with the resistance line, so it's possible a bounce off it could happen with a retest of our current price levels.
If things turn around, our first support will be at $130, if that is broken, then our current channel will be broken and that could signal a reversal. Our key support after that is at $124, then $120. These two will be critical to hold because if we drop back below that, we will be right back where we started before all of this. Long term support is still at about $114 which is good.
has been steadily decreasing the last few hours, so make sure to keep an eye out on LTC and especially BTC . on the daily and 4hr charts is nearly peaking so it is important that their is buying pressure within the next few hours if we want to continue this trend.
Check out my previous TA's in the related ideas section and please like/follow if you would like to stay up to date with the TA's I post. I will update this if any key is broken. Have a great day everyone.