LTC Double Bottom
LTC--Broke broke the downtrend line(YELLOW) that has been going on since December of 2017.testing the resistance level of the $62.00 area.
LTC did form a DOUBLE BOTTOM,this is why we moved up quickly.
A slight pullback to consolidate may happen before we break the $62.00 resistance level.We should then test the 100 day moving average(GREEN LINE) that acts as the new resistance level of around $75.00.
RSI--is sitting at the 54 mark with plenty of room to move up before entering overbought area.
(Relative strength index)
LTC did form a DOUBLE BOTTOM,this is why we moved up quickly.
A slight pullback to consolidate may happen before we break the $62.00 resistance level.We should then test the 100 day moving average(GREEN LINE) that acts as the new resistance level of around $75.00.
RSI--is sitting at the 54 mark with plenty of room to move up before entering overbought area.
(Relative strength index)
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