What's coin on guys?
A couple of indicators are pointing LTC correction is on the way.
1. Price action combined with fibs has gotten LTC right in the golden pocket of previous range (61.8 – 65%)
2. Daily RSI bear div
3. Daily histogram bear div
4. Volume div
5. Top of the raising channel resistance
6. Rising wedge
7. BTC NVT still burnin' red
8. Market sentiment bullish again only because BTC bounced of of the neckline.
LTC actually finished and confirmed cup & handle pattern with the target of around 90% of the previous move, but there is a lot more bearish indicators, so odds are on the side of bears, but never the less my stop loss will be very tight, just in a case whole market decides to fly again.
A couple of indicators are pointing LTC correction is on the way.
1. Price action combined with fibs has gotten LTC right in the golden pocket of previous range (61.8 – 65%)
2. Daily RSI bear div
3. Daily histogram bear div
4. Volume div
5. Top of the raising channel resistance
6. Rising wedge
7. BTC NVT still burnin' red
8. Market sentiment bullish again only because BTC bounced of of the neckline.
LTC actually finished and confirmed cup & handle pattern with the target of around 90% of the previous move, but there is a lot more bearish indicators, so odds are on the side of bears, but never the less my stop loss will be very tight, just in a case whole market decides to fly again.