Whew... What a crazy last few days.. I hope you guys held strong, and if not I hope you increased your holdings trading this crazy market. Looks like we might not be done yet.. but we are finally moving sideways for the time being.
Very short term, we are closing in on a flag, If we break 125, I put what I believe could be another buy zone at 118-123. We touched a new low around 107.50. So if we do fall, look at that range for long term support.
If we break upward, our current resistance will be in the 140 range. If the volume is there and LTC decides turn bullish, next resistance will be in the 180 range. Though we will need to see quite the turnaround before we see that any time soon.
I will check on this and update it once LTC decides which way it wants to go. Thank you guys and continue to stay strong through these rough times. It will all be over soon :)
Check out my past day TA's of LTC if you would like also in the related ideas section.
Very short term, we are closing in on a flag, If we break 125, I put what I believe could be another buy zone at 118-123. We touched a new low around 107.50. So if we do fall, look at that range for long term support.
If we break upward, our current resistance will be in the 140 range. If the volume is there and LTC decides turn bullish, next resistance will be in the 180 range. Though we will need to see quite the turnaround before we see that any time soon.
I will check on this and update it once LTC decides which way it wants to go. Thank you guys and continue to stay strong through these rough times. It will all be over soon :)
Check out my past day TA's of LTC if you would like also in the related ideas section.
I think now would be a good time to buy, and placing a few orders in the 115-120's is a good idea.
If we break 117.50, then a possible retest of the previous low might happen. I will keep an eye on this closely.