We are going down down in an earlier round and sugar we are going down swinging! Eventually I believe LTCUSD will go sub $20 but maybe sometime early 2020 that will happen. Not really going to much into detail just giving a ruff idea as to where i think this asset is heading.
1) The Circle indicates major resistance. We have a trend line that has been violated therefore it now becomes resistance. We also have a 200 ma that has acted as resistance. Even though we crossing above it, that move was very short lived and down down we have gone since that time.
2) The Big Red Line. Basically if we cross below that line, if you want to know what things look like... well... go to the restroom, do a number 2, and then throw it at your fan.
Happy tradings to all :D
1) The Circle indicates major resistance. We have a trend line that has been violated therefore it now becomes resistance. We also have a 200 ma that has acted as resistance. Even though we crossing above it, that move was very short lived and down down we have gone since that time.
2) The Big Red Line. Basically if we cross below that line, if you want to know what things look like... well... go to the restroom, do a number 2, and then throw it at your fan.
Happy tradings to all :D