Looking at the way things are playing out, I think we might see $300+ for $LTC. If you look at the chart and match the numbers, you'll see the current pattern is exactly similar to what happened earlier in the year. We could either see $300+ if the third peak ends up being as high as the second one was from the first one (31%) or it might end up not breaking the resistance and heading down. The other possibility is it ends up somewhere in $250 region and heads down. Either way, if it does top around the resistance or around $250 mark, we will form a head and shoulder pattern and we might see a significant down side.
Price Target 1: $200
Price Target 2: $240
Price Target 3: $330
I have started a position and will be taking all profit if it reaches price target 1 and might enter again after watching how it plays out. Not financial advice. My trading journal.
Price Target 1: $200
Price Target 2: $240
Price Target 3: $330
I have started a position and will be taking all profit if it reaches price target 1 and might enter again after watching how it plays out. Not financial advice. My trading journal.