Breakdown! SHORT LTCBTC
Finally getting some breaks of our major trend lines. Price has broken its uptrend and has hit our first target of .015. RSI is at the bottom of its range so we might be at a very short term bottom and I'd bet we test .015 as resistance before going down further but I'm not taking profits yet. What I'll really be watching is our 4HR ADX and DMI indicators, because the ADX is looking like this is just the beginning of a much larger trend. I want to stay short as long as ADX is expanding, when it starts to roll over is when I want to exit. On the daily chart I previously posted there were some targets that are all still valid if you want to take profits along the way. It looks like we have to keep our bear hats on for a while, good luck out there.
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