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LTC double top 4HR
LTC 4 hour chart made a DOUBLE TOP testing resistance levels of the $68.00 and $69.00
A DOUBLE TOP reversal pattern is the reason we retraced back down to the support level of $61.00 area.
We held here for a short while before breaking bearish going lower.
RSI is showing that we are deep in the oversold area and the 20,50 day EMA is starting to come into play. We need to break through what was
previous support that is now the resistance level to continue the uptrend.
A DOUBLE TOP reversal pattern is the reason we retraced back down to the support level of $61.00 area.
We held here for a short while before breaking bearish going lower.
RSI is showing that we are deep in the oversold area and the 20,50 day EMA is starting to come into play. We need to break through what was
previous support that is now the resistance level to continue the uptrend.
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