LTC 4HR
LTC 4HR--chart has bounced off the downtrend line and is now testing the middle high low moving average (red band) as resistance around the $58.70 area.
Using the $55.00 area as support
RSI-- was nearing the overbought area but you can see it has made a small turn down to around the 54 mark.This is good as it gives us more room to move up.
(relative strength index)
We may trade sideways for a bit coming back down to support around the $55.00 area and then climb up to next leg of resistance around the $67.00 to $72.00 area.
Using the $55.00 area as support
RSI-- was nearing the overbought area but you can see it has made a small turn down to around the 54 mark.This is good as it gives us more room to move up.
(relative strength index)
We may trade sideways for a bit coming back down to support around the $55.00 area and then climb up to next leg of resistance around the $67.00 to $72.00 area.
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