its been hell of a run with this LTC going up and down lately.
for a second i was thinking that the bulls where going to win this fight but that never happened.
The bear was waiting for them around 132-133 usd to pimp slap them.
THE CHART
we are looking at the the 4H chart now
we can see that LTC has formed a ascending triangle and we have broken to the downside.
the 20 EMA fail as support and we are testing the 50 EMA now.
if the 50 EMA fail as support our target then will be 111.179 usd
For those who want to SHORT this
THE MACD
the MACD crushed the 0 point where lately the bears has been stepping in,it went long but has formed a nasty bear crossover.
THE RSI
not much to say except its going lower and lower.
we are actually in a bearish divergance
the price was going higher but the macd and rsi was losing there momentum.
i marked this with a red line so you can see it
GOOD LUCK EVERYONE
for a second i was thinking that the bulls where going to win this fight but that never happened.
The bear was waiting for them around 132-133 usd to pimp slap them.
THE CHART
we are looking at the the 4H chart now
we can see that LTC has formed a ascending triangle and we have broken to the downside.
the 20 EMA fail as support and we are testing the 50 EMA now.
if the 50 EMA fail as support our target then will be 111.179 usd
For those who want to SHORT this
THE MACD
the MACD crushed the 0 point where lately the bears has been stepping in,it went long but has formed a nasty bear crossover.
THE RSI
not much to say except its going lower and lower.
we are actually in a bearish divergance
the price was going higher but the macd and rsi was losing there momentum.
i marked this with a red line so you can see it
GOOD LUCK EVERYONE