Emerging Channel Down pattern in its final wave was identified on the LTCAUD 4 hour chart. After a strong bearish run, we find LTCAUD heading towards the upper triangle line with a possible resistance at 143.6100. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
Important support line being approached by LTCAUD. This price has been tested numerous time in the last 7 days
