LTC under correction

10 maj 2021

LTC recorded ATH, and with the daily candle forming an inverse hammer, it might signal a correction toward the ascending channel's support level.

The key level around 250 handle is in confluence with Fib level 0.786.

The closing candle today will confirm the short-term downtrend movement.

Additionally, the bulls rally of 15 days has brought the price action a bit overextended from the DMA and EMA. This correction is most needed to support the healthy long run.



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