$LTC is moving in a way that makes you want to look away but you just can't.
It’s been a rough ride down from that $76 level. We finally found a bit of a floor near $50, but the bounce back has been pretty weak so far.
Looking at the daily, we are just hovering around $53.98. There’s a lot of resistance sitting right above us near $57. If we can’t clear that soon, we might just end up testing that $50 support again to see if it actually holds.
Volume is looking a bit dry today which usually means a bigger move is brewing. I’m staying patient on this one. It feels like it’s waiting for a re