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
Comment:
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.
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