LTC/USD - Just hit .618 Weekly Retrace - It's Cheap Again!
First video in a couple of day with my thoughts on LTC. Price action has just dipped hitting the weekly .618 from the low on 2/2 to the high on 2/20.
Now that we've hit the .618 we are starting to pull back off this level could certainly move down to the .786. However, in my experience these two key levels are the most important in terms of fib retracements as on higher time frames after nice moves up in price, these are the two fib levels price action typically pulls back to. I speak to this in the video.
Hope you enjoyed... give a like and leave me a comment.
I'll be doing quite a few video update tomorrow on other coins i watch.
Now that we've hit the .618 we are starting to pull back off this level could certainly move down to the .786. However, in my experience these two key levels are the most important in terms of fib retracements as on higher time frames after nice moves up in price, these are the two fib levels price action typically pulls back to. I speak to this in the video.
Hope you enjoyed... give a like and leave me a comment.
I'll be doing quite a few video update tomorrow on other coins i watch.
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