September is typically when smart big money investors and traders return from their summer vacation.
ltc is still a bit bearish but it is completely near the bottom...low leverage and spot traders should begin averaging down if i were you.
higher leveraged swing and day traders should open shorts below 47 til about 38 for profit taking! im already in a 100x leveraged short at 61 something with stops around 63 and take profit around 57
so thats 8% profit on the underlying financial vehicle which is a 5.00 profit for every .61 cents invested if target hits 8%(100x)=800% . then ill reevaluate from there.
If price action shits the bed and ends up below 47.00 then I’ll take another short to about 38.00. 1100% profit
if interested in which brokers i use and why..dm me or check my steemit page..link is in bio