LTC all support holds well, now let's pull up towards $60.

LTC all support holds well during this time, I believe we are still in the uptrend, and as the Stoch RSI arrived over sold zone with all supports well, I think it's time for LTC to pull up.

And in next few days BTC will start the segwit2x from July 21, after a research I think it will pass, but still we need to keep an eye on it, safety is always priority.

Good luck.

Detial:

Kommentar:

Not very good for the first rebounce, so be careful, and here is two support if the lower track break.

Kommentar:

I think LTC will touch the MA30 and the purple upper track first.

Kommentar:

3 Supports in the red circle and also Stoch RSI reach over sold zone on 1day, a re bounce is very possible.

Kommentar:

I think LTC will bounce to 78.6% Fib with the strong support 255YUAN which is base on 50% Fib, MA60 and a support level.
But that would creat the right shoulder, so, let's see.

Kommentar:

300YUAN will be a very strong resistance this time, MA30,90,144 all mixed there, also a former support level,even I believe the re bounce is not finished, but I don't think LTC can break through this area at this time, otherwise it will be really strong for what coming next.

Kommentar:

One more leg, and if the lower track holds, we will have one more chance for long.

Kommentar:

Around 310YUAN, we have MA60, MA90, MA144 of 6H mix together, it's really not easy for LTC to go through it, so, we need to watch the rate of LTC/BTC

Kommentar:

So far so good, now we are facing the last resistance, 78.6%Fib and the big lower track, just like the chart one week ago

Kommentar:

Detial

Kommentar:

One more try.

Kommentar:

Left shoulder formed, 255yuan will be tested again.