LTCUSD --- FIB Trace from $50 floor.

I traced from the last time the price went flat for a while. I doubt itll go that low due to all the buzz and adoption LTC is getting now (my opinion not financial advice) but anything can happen right?

I also traced a support from the same level. The fib tracers are actually lining up with most of the resistances/supports; pretty neat if you ask me.

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Green is a bullish support.

Blue is a neutral support.

I think you know what that red is :(

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Light blue line going over the peak and over the second peak is the bull channel we were in that could act as resistance as well if we break out of the current bear channel.