This is LTC on the daily
After the bear market bottom in June 2022, LTC had three golden crosses, each followed by a rally into the 0.786 Fib level.
To be fair, last time price broke above that resistance, but got pushed back — like everything else — by the macro storms earlier this year.
Now we’re approaching another golden cross, but the setup feels different:
1. Price is already holding above 0.786, at least for now.
2. Macro looks calmer, with crypto gaining favorable attention from the SEC, and rate cuts becoming a matter of when, not if.
Putting these together, I lean bullish on LTC price action going forward.
Whatever happens next — we’ll be here to watch it unfold.
Always take profits and manage risk.
Interaction is welcome.
After the bear market bottom in June 2022, LTC had three golden crosses, each followed by a rally into the 0.786 Fib level.
To be fair, last time price broke above that resistance, but got pushed back — like everything else — by the macro storms earlier this year.
Now we’re approaching another golden cross, but the setup feels different:
1. Price is already holding above 0.786, at least for now.
2. Macro looks calmer, with crypto gaining favorable attention from the SEC, and rate cuts becoming a matter of when, not if.
Putting these together, I lean bullish on LTC price action going forward.
Whatever happens next — we’ll be here to watch it unfold.
Always take profits and manage risk.
Interaction is welcome.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.