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LTC: Buy Opportunity
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Looking at the 2 hr chart, LTC has formed a bear flag. If the price breaks the bottom of the channel ( Orange Box) then LTC will likely retest the 0.5 Fib level. However there is little support at this level and the daily RSI shows LTC as oversold. Because of this it is likely that we will retest the 0.618 Fib level which has historic support.
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Thanks for reading!
If You like this TA please hit the LIKE button!
Also, leave a comment with Your thoughts and feedback!
*This information is not trading advice and is to be used for educational purposes only!
Trade fechado manualmente
Looking at the 2hr chart, LTC has bounced off of the 0.5 fib level with great support.
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