LTC Price Analysis - August 24, 2018
At the time of writing, LTC price is currently sitting at $56.
Unfortunately for LTC, looks to be another Bart for now. Aside from one failed attempt at $62, for the past 10 days it has been ranging between $54 and $60. Right now it's on a downtrend since the high established on August 18th, BUT there does seem to be a slight contraction in its ranging, so hopefully we'll a break one way or the other soon.
On the downside, if LTC decides to continue downward, we're still looking at $54 to hold. Below that and we're really only left with the $50 support level where it would hopefully rally once more. But once again, just be very cautious if you see it approaching $49...On the upside, first we'd want to see LTC break above that trend line and above it hopefully we'll see a test of $59. Above that, a break above $62 would be considered very positive for LTC.
On the daily chart for LTC, technical indicators are getting a bit worse (14 sell, 10 neutral, 2 buy)
On the weekly chart for LTC, technical indicators give a bearish outlook as well (15 sell, 7 neutral, 4 buy)
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