LTC has been in a strong weekly uptrend making higher highs and higher lows.
If LTC can hold support at $220 on a weekly closing basis, then I suspect price will work it's way up to and exceed the prior all time high (ATH).
Weekly Support/Resistance Zones
I would look to buy when price comes down to one of these support zones and take profits when prices comes up to one of these resistance zones.
$130
$170
$220
$275
$325
$380
$419 (got a minute?)
LTC has been holding support above the 10SMA on a weekly closing basis for the duration of this bull run.
Looking at the last two bull runs, price remained bullish as long as price was above the weekly 10SMA. I would take some profits if price started closing below this support line.
LTC Weekly Fibonacci Targets
These Fibonacci extensions can also be used as support/resistance zones and future price prediction.
1.618: $206
2.618: $315
3.618: $420
4.236: $500
4.618: $540
---
Guide to My Charts
-The purple horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
If LTC can hold support at $220 on a weekly closing basis, then I suspect price will work it's way up to and exceed the prior all time high (ATH).
Weekly Support/Resistance Zones
I would look to buy when price comes down to one of these support zones and take profits when prices comes up to one of these resistance zones.
$130
$170
$220
$275
$325
$380
$419 (got a minute?)
LTC has been holding support above the 10SMA on a weekly closing basis for the duration of this bull run.
Looking at the last two bull runs, price remained bullish as long as price was above the weekly 10SMA. I would take some profits if price started closing below this support line.
LTC Weekly Fibonacci Targets
These Fibonacci extensions can also be used as support/resistance zones and future price prediction.
1.618: $206
2.618: $315
3.618: $420
4.236: $500
4.618: $540
---
Guide to My Charts
-The purple horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
