LTC Rising Channel Stopped at Major Supply Zone
The rejection from the major supply zone just occurred, sending us back to the local support we are sitting on at the publishing of this idea.
This supply zone will likely take multiple attempts to break this area and enter discovery between the two purple lines overhead.
Looking for LTC to trade in this channel to the upside, before retesting this supplied zone.
This will be a large area for people taking profit, so patience is key.
RSI remains neutral on the 4 hour trending upward.
I will be watching the 4 hour chart very cloesly in the next 24 hours.
This is clearly not advice, this is for my record and reference as a hobby trader.
I am a novice with a very limited knowledge. Please be aware of this.
Please dont be shy to critique.
LTC marches on!
This supply zone will likely take multiple attempts to break this area and enter discovery between the two purple lines overhead.
Looking for LTC to trade in this channel to the upside, before retesting this supplied zone.
This will be a large area for people taking profit, so patience is key.
RSI remains neutral on the 4 hour trending upward.
I will be watching the 4 hour chart very cloesly in the next 24 hours.
This is clearly not advice, this is for my record and reference as a hobby trader.
I am a novice with a very limited knowledge. Please be aware of this.
Please dont be shy to critique.
LTC marches on!
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