LTC/USD failed to validate my highest probability option I presented yesterday with fibs not being hit and not breaking above the $220. I remain bullish at this time but cautious because still could be looking at another lower low to $100.
Right now, I'm planning to buy a position in the .5 to .764 blue fib range ~$175-157. If it moves up before that, I will wait for another opportunity. If it blows through the .764, then I'm stopped out and looking to see if we are setting up for a drop to $100.