This apply s to both LTC and BTC
-11.21% as the charts on the two are almost identical as normal. BTC
has reached the bottom of the pennant
, the RSI
and Stoach are all showing well oversold at this point and the 1day charts are now in a position to support upward ward movement. With this last drop down to 213 believe the bearish trend
will turn neutral for some sideways action as the 1day Macd
works into a position to cross over, at that point look for higher highers and higher lows all the way back into range of the previous ATH
-0.21% of 20k. I have closed out my short positions in LTC and am now long, looking for 250, 300 and 375 for a minor pull backs. Good luck and happy New Years.