$LTC , Another solid chart that has formed a bottom structure.
Back in August I marked the $45 zone as the long term spot buy area and price is up nearly 40% since.
The AMD setup at the bottom range is almost complete with a possible 10-15% more upside, but the key focus is the macro accumulation range offering an AMD setup on the HTF.
• Price deviated below the macro range for 8 months and reclaimed the RLs at $56. In the coming weeks I want to see price chop above macro support between $50 - $60 and build demand there. If it happens, LTC would offer one of the most liquid large cap plays of this cycle.
Price is in a nowhere region right now. Patience if you are sidelined.
DYOR
$LTC
Back in August I marked the $45 zone as the long term spot buy area and price is up nearly 40% since.
The AMD setup at the bottom range is almost complete with a possible 10-15% more upside, but the key focus is the macro accumulation range offering an AMD setup on the HTF.
• Price deviated below the macro range for 8 months and reclaimed the RLs at $56. In the coming weeks I want to see price chop above macro support between $50 - $60 and build demand there. If it happens, LTC would offer one of the most liquid large cap plays of this cycle.
Price is in a nowhere region right now. Patience if you are sidelined.
DYOR
$LTC
