If you look at the RSI on the one day chart you will see that the last two times we have we have neared overbought territory in the past month we have had a pullback of roughly $7 so as we near the overbought territory once again on the one day chart you should expect a pullback to somewhere between $49-$51 after this inevitable pullback I'm expecting the chart to continue following it's current trading pattern that it's been following for the past month now. If the price is unable to maintain it's short term trading pattern for the last month now we could see a greater pullback of around $42-$45 (at the 3 month trading patterns support) and this pullback would be acceptable and fall within the pattern that has formed in the last 3 months.
I am short on Ltc and trade based on technical analysis. Currently I don't own any Ltc but will re-enter if we remain bullish at around $49-$51. I am not giving you advice I am simply giving you my opinion on the charts movements and hope you enter a trade because it makes sense to you.
I am short on Ltc and trade based on technical analysis. Currently I don't own any Ltc but will re-enter if we remain bullish at around $49-$51. I am not giving you advice I am simply giving you my opinion on the charts movements and hope you enter a trade because it makes sense to you.