LTC Price Flirting With Disaster

If you read my post from a couple days ago I talked about how I wanted to be bullish LTC, but the chart was just not letting me do so.

Well, there you have it as LTC dumped through that 70 level and is now at the next downside target of 66.

If price doesn’t hold this level then it’s bye bye birdy as we will likely see 60.

Can we get some buyers please???

You can see the red dotted line (current price) has price flirting with that reversal bottom around 66.  Honestly, that price is just a potential support it is not an established one.

We’d need to see price bounce off it for it to be called a support level.  Fingers crossed!

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