On the 1hr chart ltc has formed a bull flag(in orange) inside a symmetric triangle and it looks like it's ready to break up toward the .236 retracement at around $166. As I am writing it has broken up the top of the flag (in orange) and the resistance line of the symmetrical triangle. This should be maintained with a formation of a green full candle on the 1hr chart. The base of the flag has offered strong support for the last 5 hrs and seems to hold firmly in place. I see an opportunity to enter some positions once the ltc pair gets around the $170-$172.
This is my personal opinion not to be taken as financial or trading advice, for educational purpose only. Be wise!
This is my personal opinion not to be taken as financial or trading advice, for educational purpose only. Be wise!
MACD getting close to cross.
Volume in need of new cash.