Head and shoulders complete - The dip post head and shoulders has now also played out, while LTC is currently in a prolonged consolidation phase, the refusal to dip below the key support levels does lend some bullish sentiment for the long term. Bullish Case: If LTC continues to hold above the strong support level and begins to break above key resistance...
Price Action: The price is currently around $58,527, with a significant bearish candle showing strong downward momentum. The price has clearly broken below the 50 EMA, indicating a bearish trend. The next key support area to watch would be around the previous lows near $57,000, where there may be some buying interest. MACD: The MACD is deeply in the negative,...