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LTC/USD ANALYSIS : LONG ON THE PULLBACK
LTC/USD ANALYSIS:
LTC broke out of a falling wedge and bulls have pushed LTC above the 200MA to a hold. A small accumulation phase looks to be taking place before another push UP. Hourly RSI has room to dip, so look to stagger entries within the range of $58.80-$60.20. Im expecting a push up to T1 at $64.80, following by T2 and T3 at $67.20 and $70.05. Daily candle engulfing looks great from yesterday close. Today’s red wick is the opportunity to buy in my opinion. Look for entry fills, and take profit as listed!
Possible Entries: 58.80-60.40
LTC broke out of a falling wedge and bulls have pushed LTC above the 200MA to a hold. A small accumulation phase looks to be taking place before another push UP. Hourly RSI has room to dip, so look to stagger entries within the range of $58.80-$60.20. Im expecting a push up to T1 at $64.80, following by T2 and T3 at $67.20 and $70.05. Daily candle engulfing looks great from yesterday close. Today’s red wick is the opportunity to buy in my opinion. Look for entry fills, and take profit as listed!
Possible Entries: 58.80-60.40
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