LTC BOUNCE FROM HERE OR DIE?

Hello everyone, welcome to this LTC update. Recently LTC made a high of $240 because of that Walmart fake news. Their teams posted a tweet that Walmart accepted LTC as a source of payments and deleted that tweet after 5 mins. After this incident, LTC dumped hard but I think LTC is a very promising project and it should break its ATH soon.

Now let's get to the chart. LTC currently trading at $180. According to Fibonacci levels, it is now at 0.618 level which is also called golden pocket. LTC should bounce from that level. Also, there is a strong 50D ma support. So I'm buying some here.

If this golden pocket and 50D ma support break then the next support for LTC is around $120-$130.

Entry range:- $170-$180

SL:- If any daily candle closes below $170 then I'll exit manually.

What do you think LTC bounce from here or not?

If you like my idea then hit the like button and share your views in the comment section.

This is not financial advice. DYOR before investing.

Thank you.