Critical Area for LTCUSD

28 thg 2, 2018

LTCUSD

LTC is at a critical area of trendline support on the Daily Chart. RSI and OBV remain moderately strong. If the trendline is broken on the Daily Chart ,we are looking at 177-180 area for a bounce.
Strong Support Area remains around 144.

If we get a push here with some more Volume, we may go past 238 and eventually Target for 272 in the near term. A major resistance for a bullish reversal will kick in aroound 300-303 area.

A daily close today should command the direction. However , Overall in the absence of volume and fading enthusiasm around news on Litepay, i am slightly incined on the bearish side and may wait for the green levels indicated on the chart for entry.