The Daily Show: LTC (D)
Updated
Good morning,
I am taking a break from work and looking at LTC. So, here are my thoughts on what I would like to see in the coming days. MOON! Kidding, but let me explain all these lines on the screen first; from time to bottom.
1. Yellow Dotted Line: Downtrend Line
2. Red and Teal Solid lines: 2 points that of resistance in the shorttemr
3. Teal dashed line: the "triple-bottom trend line"
4. Vertical pink line (US tax day)
I am not bullish or bearish at this point, I just want to stay above 100. But we do have significant resistances still left and anyone saying we are going to the moon right now need to avoid this mentality and be cautious as we are testing the low 130's and if we can break and close about 135 we can expect down. For me to get super excited I want to see, on the daily, a test of the 142-138. I expect this area to be a key point of resistance on the daily and a correction to happen of we do.
I am paying close attention RSI to jump above 50 on the daily also that would be very bullish.
Not advise, just my opinion.
I am taking a break from work and looking at LTC. So, here are my thoughts on what I would like to see in the coming days. MOON! Kidding, but let me explain all these lines on the screen first; from time to bottom.
1. Yellow Dotted Line: Downtrend Line
2. Red and Teal Solid lines: 2 points that of resistance in the shorttemr
3. Teal dashed line: the "triple-bottom trend line"
4. Vertical pink line (US tax day)
I am not bullish or bearish at this point, I just want to stay above 100. But we do have significant resistances still left and anyone saying we are going to the moon right now need to avoid this mentality and be cautious as we are testing the low 130's and if we can break and close about 135 we can expect down. For me to get super excited I want to see, on the daily, a test of the 142-138. I expect this area to be a key point of resistance on the daily and a correction to happen of we do.
I am paying close attention RSI to jump above 50 on the daily also that would be very bullish.
Not advise, just my opinion.
Note
I wonder what happened to all the sub 100 posts?
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