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justsomeguy

LTC: Overbought, watch for confirmation of RSI bounce

Short
Litecoin (COINBASE:LTCUSD)  
justsomeguy Updated   
COINBASE:LTCUSD   Litecoin
Support and Resistance Trend Lines LTC
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supportandresistance trendline ltc
If the SMA crosses the EMA it'll confirm our bounce off the RSI level and we'll look at retrying $94.50. If we don't get a crossover then we might be okay (rsi is just a leading indicator).

Don't think we're due for a serious correction until BTC dives but you never know.
Comment:
RSI is still quite high. Found support at $91.50 briefly but the hourly looks like this isn't done yet. Watch for the SMA/EMA cross over to confirm on the daily.
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