Technical analysis by Dukembg about Symbol LTC: Buy recommendation (8/12/2023)

Looks like LTC found good support on the bottom of the inner channel and we should see a small pump up to the daily SMA's at the very least or even up to the heart line at the most because there is not much room to the upside on the 4HR RSI. From there I expect the LTC price to dump to the bottom support line of the outer channel which will coincide with the daily RSI touching oversold. From there we obviously ride to the top of the channel keeping an eye on these indicators to exit. Since the halving pump didn't happen, I don't expect a dump. The trend will continue until LTC breaks out of macro chart patterns seen on the weekly that have targets of $160 and $400. This not financial advice. Entertainment purposes only.