Last post on this was April 28th and I was looking at either a $420 LTC or a $370 (channel midpoint) which was hit this AM/yesterday. 11 days.
LTC is acting as expected and staying within the channel. RSI is in overbought territory and MACD has turned light green so we are gearing up for a pullback. These half waves run 10-12 days for LTC so the question now is whether we pull back to the MA's or bottom channel. In 10 days the bottom of the channel will be about $265 and the 20 Day EMA will be roughly $295 and that is what I am looking for. Market sentiment is too strong for LTC to pull all the way back.
A $295 pullback will give the MAs time to converge, the MACD to bottom and the RSI to show oversold.
If that holds true, the the next 10/12 day (20-24 days from today) run will push to the upperband or around $570.
Any thoughts?
LTC is acting as expected and staying within the channel. RSI is in overbought territory and MACD has turned light green so we are gearing up for a pullback. These half waves run 10-12 days for LTC so the question now is whether we pull back to the MA's or bottom channel. In 10 days the bottom of the channel will be about $265 and the 20 Day EMA will be roughly $295 and that is what I am looking for. Market sentiment is too strong for LTC to pull all the way back.
A $295 pullback will give the MAs time to converge, the MACD to bottom and the RSI to show oversold.
If that holds true, the the next 10/12 day (20-24 days from today) run will push to the upperband or around $570.
Any thoughts?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.