LTC has been digesting it’s large move from December for a few weeks. It is coming to the end point of the pennant at the same time it’s nearing the 50 day moving average. All HEALTHY bull markets take time to digest large moves and it is a sign that the “bubble people” may have to keep waiting for their prophecies to come true.
Look for a break out to the upside and a possible retest of the upper end and support level at 280.
The RSI is holding steady near the 50 level. Staying above the 50 level confirms LTC is still in a bullish zone.
