Using the most conservative metrics I can, whenever I do technical analysis, I find the baseline trend. What are the lowest confirmation points saying? LTC is still generally in an upward trend and I believe that it will stay in an upward trend barring any black swans.
The psychology-fueled launch into the $200's will subside, but when that's done, and the price comes back to support, that's when we'll see some buying happen again. It may happen before, but I very much doubt that it will test past that support line. If you're holding, hold, but buy when it gets close to that support.
The psychology-fueled launch into the $200's will subside, but when that's done, and the price comes back to support, that's when we'll see some buying happen again. It may happen before, but I very much doubt that it will test past that support line. If you're holding, hold, but buy when it gets close to that support.
Comment:
Looking at it again, there seems to be a dreaded vomiting camel pattern, as well. I see some short-term bearish indicators, although, the argument could be made that it has hit another support, of sorts.
