It appears as LTC has finally broken out of the downward channel. An engulfing bullish candle did this on Feb 14. Since then, the price has not changed much. I suspect a quick consolidation.
The 20 EMA just crossed above the 40 EMA. Both have yet to cross above the 50 MA. Once it happens, I think the price would then hit the 50 MA as its support line. I will wait for
a bullish candle signal, MACD signal, and SAR bullish signal. If all 3 show itself, I will then enter for short sell.
The 20 EMA just crossed above the 40 EMA. Both have yet to cross above the 50 MA. Once it happens, I think the price would then hit the 50 MA as its support line. I will wait for
a bullish candle signal, MACD signal, and SAR bullish signal. If all 3 show itself, I will then enter for short sell.
Also, if it does reverse, it can be analyzed that the next support could be the 50 MA.