Ltc seems to be flagging over $70 which is good news for continuation upwards. The only issue now is that short positions have gone down. The long/short metric has been known to act as a leading indicator for counter measure. If the majority are doing one thing, we should look to do the other. With that being said, since the short positions have dropped off significantly enough to notice, perhaps the majority are expecting a continued rise in price. This now should raise warning signals for those hoping higher prices will come.
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Rejection at $72?
Low volume and lack of positive momentum.
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Rejected at 71.50 with price dropping 1% in 15 minutes. Will this start off an even further drop?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.