Alright, so my last call on this one was not dead on, but I still think it holds true that it could break down. I adjusted my lines accordingly.
Lot of different names for this sideways setup. , , , box play. Take your pick. Here's the deal. If we break below this $205ish level, we are most likely going to see the 160-170 area and potentially further down. If we break up, with solid sustained buying, we are going to $300. I lean , but we will see.
To be clear, LTC has been much stronger lately than BTC or ETH. If we get deep pushes down with both of those, I don't think LTC will break it's $100 low. That's pure speculation, but it would fall in line with the patterns its been making.
I have buys set up at both those areas. Should be a great play.
Here's my last call for what its worth -