LTC $75 Resistance

2 thg 5, 2019

Over the past week, LTC has respected the $75 resistance, even after breaking its latest falling wedge. Great returns came from the falling wedge setup, however, if this resistance continues to suppress LTC price movement, then it will ease LTC's falling if the bearish scenario for Bitcoin plays out. Personally, I am long on LTC, just not at the moment -- definitely not rushing in to trade this zone. Keep in mind the halving is only 3-4 months away and if LTC dips to the $50-ish range before the expected run-up....just make sure you have a plan in mind.

Not financial advice.