LTC is getting a serious pump right now. While I believe it was over sold and due for some attention, watch the trend line at 43 for rejection to see if we are still on a path of decline or looking to break a trend and move upwards.
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Watch for a 4HR close above the orange line, could signal a possible reversal, but at this point I'd be weary of buying the tip of this monster wick.
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Watch the 41 to 41.50 area for a possible bounce. While that 4HR candle is beautiful, it is not enough to believe we have a reversal but not closing outside of our trendline.
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41.50 was good for the bounce. Sold at 42.50. Will continue to watch and trade based on price action.
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43 is being retested, watch this 4 hour candle for a close below or above 43 closely, with the news for LTC coming tonight; we may see some action that TA cannot provide perfect insight to.
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Silver bullet chicken. o_O
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@iSovereign <3s chikuns
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Good scalping on LTC during this weeks events. I would be careful trading above the trendline.
Good scalping on LTC during this weeks events. I would be careful trading above the trendline.
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Below the trendline again. Just a 15M chart for a closer look.
Below the trendline again. Just a 15M chart for a closer look.
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Still LTC has rejection and is in a bear move, despite the tremendous growth the other day.