It broke out of the ( ) and currently hovering close to fib level 0.786. If it manages to surpass this resistance then it'd find resistance at fib level 1. Now that is close to 20 points high.
Looking at , there is enough room for buyers.
is showing a .
That said - here is the short term target.
Buy - now ($280)
Target Profit - $300 - $309
Stop Loss - $271
As always, please feel free to revert with feedback and questions. Merry Christmas and happy trading!
Ltc is in a bearish trend at the moment with strong selling volumes. It needs to stabilize before we can go long. At the moment I do not recommend a trade. I'll analyze it again when I see a bullish reversal. Until then enjoy the last few hours of this crypto year.