LTC Course of Direction?
Hello,
This is my first post (Idea)! Thank you in advance for your time. I know I am missing a lot of detail in my Idea, please be critical and point out what I could do better and or should understand/ look nito. I plan on staying in this trade for the long run and hope to learn as I go from all of you in this awesome community.
Within 24 hours LTC has hit a $124.25 High & dropped to a 113.11 Low. Using my subjective lines I believe the current support zone would be $113 - $111.00 and the line of resistance is at $120.
LTC appears to moving downwards. After reviewing the analysis of fellow peers I can't say I disagree with their point of view and or deny the current trajectory the trend lines are paving. While it could potentially drop back to the $90's - $80's I am remaining optimistic.
NOTE: I am not a professional trader, I am a student. I am here to learn and hopefully get insightful feedback from the community. I am fairly new to the trade and wish to understand it better. Please leave your thoughts and comments.
Thank you for your time.
This is my first post (Idea)! Thank you in advance for your time. I know I am missing a lot of detail in my Idea, please be critical and point out what I could do better and or should understand/ look nito. I plan on staying in this trade for the long run and hope to learn as I go from all of you in this awesome community.
Within 24 hours LTC has hit a $124.25 High & dropped to a 113.11 Low. Using my subjective lines I believe the current support zone would be $113 - $111.00 and the line of resistance is at $120.
LTC appears to moving downwards. After reviewing the analysis of fellow peers I can't say I disagree with their point of view and or deny the current trajectory the trend lines are paving. While it could potentially drop back to the $90's - $80's I am remaining optimistic.
NOTE: I am not a professional trader, I am a student. I am here to learn and hopefully get insightful feedback from the community. I am fairly new to the trade and wish to understand it better. Please leave your thoughts and comments.
Thank you for your time.
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