Until now, we can't find any clear direction for LTC. LTC is trading under 10 and 20-day EMA which negative in short-term trading but it's close to the first support level which is 50-day SMA at $2.10.
If 50-day SMA can't hold it's likely to go towards $200 level and afterward to the main support area $175.
On the upside, LTC needs to break out $275 level which is 50 percent Fibonacci retracement to resume the uptrend and be positive.
Our recommendation: open long $200 / $175 OR at break out above $275.
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