LTC 1DInterwal Rewiew - Long-Term
I invite you to review the LTC chart on a single day interval. As we can see, the price stayed above the uptrend line, and including the corss 50 and 200 emas, we see confirmation of the uptrend.
Let's start by marking the support spots for the price and we see that first we have a support zone that starts at $97 and ends at $876, however if the price goes lower, the next very strong zone is from $68 to $56.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price bounced off a very strong resistance at $114, only when it breaks it and positively tests it will move towards the resistance at $134.
The CHOP index indicates that the energy has been consumed, the MACD indicates that the uptrend is maintained, while the RSI rebounded from the upper limit of the range, which confirms the initiated price correction.
Let's start by marking the support spots for the price and we see that first we have a support zone that starts at $97 and ends at $876, however if the price goes lower, the next very strong zone is from $68 to $56.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the price bounced off a very strong resistance at $114, only when it breaks it and positively tests it will move towards the resistance at $134.
The CHOP index indicates that the energy has been consumed, the MACD indicates that the uptrend is maintained, while the RSI rebounded from the upper limit of the range, which confirms the initiated price correction.
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