LTCUSD: Discussion of Multiple Groups of Time Frames

Hi Everyone! The Red RSI and Blue LSMA in the 12-hour are still heading down toward level 50. Blue LSMA currently at 75 and Red RSI currently at 66. Yes, it is possible to go down to the White/Aqua LOWER B-Bands the NEXT 12-hour candle; PROVIDING the Red RSI and Blue LSMA in "lower" time frames are below level 50 to continue to promote downward pressure for the 12-hour time frame. The White Lower B-Band is currently at $148.81 and the Aqua Lower B-Band is currently at $145.47. We will have to see if we can begin to see upward pressure races triggered in the entire Short Term Group of time frames. We already have that with the 30-minute time frame. We need the Red RSI in the 1-hour and higher time frames to begin getting above Level 50 fairly quick like in order to avoid potentially falling to the White/Aqua LOWER B-Bands in the 12-hour time frame.

Merry Christmas

Happy Trading

Stay Awesome!

David