is coming up to a critical moment in its recent trend, we're getting close to the angle where the most recent bounce happened that put us to the top of the channel (a descending wedge
) for LTCUSD
. I'm looking to see if support around 42-44 is strong enough to bring us back up to the top of the channel or if it will be shattered where I will be expecting some bounce opportunity buys in the high 30s. With a longer term target set on 29-37 or so which is our 50% retracement
from the bull run on July 6-7.
Buy Fear. Sell Greed.