Potential LTC long entry

176 0

I took a long position in LTC in the low $190s based on the $190 area which was previous resistance back on 2/14/18. We popped through it, and now have just fallen back to test this level. I see it as a buying opportunity. Am watching this areas closely though as if we drop below $185 I will close this entry as we may continue to fall to the $170 level, which may act as support. If that fails, then we are likely looking at $150 which was previous support. First upside target is the downtrending line at $220 area, and if we break through we are likely looking at $260s.

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