The Daily Minute: LTC (15 MIN)

Updated

Quick update do not panic sell this is a retrace! I am fully expecting it to bounce off the .618. If you are looking to sell wait for better signals.

I do expect another drop before the major bull run for the year but today is not the day.

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Touched the 125.03 which is the .5

Now, we watch the price action and see if it is a bounce or a further retrace to .618

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We have a bullish divergence on the 4hr. I am just not seeing the bears right now. The bulls are at this time are showing more staying power

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The bulls are making their case. They have not let it drop to the .618, as of yet... I will say this as soon as some of the more popular TA's say they are jumping in I will be selling, it is a guaranteed drop.

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New higher high. By my count we are on wave three of the smaller trend.

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In the next 10 or so hours I believe LTC will be at a key point in this bull run. 6 days we have been at this and as we know to go up you must go down. I think this will test the bulls commitment.

This goes for BTC also.

croleyjon

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