LTC is at this support point and mini trend line here. If you follow me you should have entered anywhere between $112 to $117. which makes you in profit.
Key things to keep in mind, we have formed a higher high on the smaller time frames but also had a very weak DAILY MACD cross which is not a good sign. In conjunction with that we have also had this 4 hr MACD cross over. While I think it's due for a rebound that combination of technicals is not really a good sign.
I will be most likely putting a stop below this point to lock in profit or break even. It's your call with what you want to do.
Happy Trading,
-Sherem
Key things to keep in mind, we have formed a higher high on the smaller time frames but also had a very weak DAILY MACD cross which is not a good sign. In conjunction with that we have also had this 4 hr MACD cross over. While I think it's due for a rebound that combination of technicals is not really a good sign.
I will be most likely putting a stop below this point to lock in profit or break even. It's your call with what you want to do.
Happy Trading,
-Sherem
Note
LTC isn't looking to hot right now either. Make sure your stops are in place or you have your buys laddered and ready to go.Note
update: 
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Disclaimer
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.