Hourly inside bars to watch for LTC this morning. The hourly chart has tightened overnight and will see a clear break within the next few hours. This break will indicate momentum for the rest of the day. We will either be looking towards hourly oversold RSI levels if we drop to lower lows, or we will look for a break of the top of this bounce for some bullish continuation. We cannot ignore the bear volume of the big 3 yesterday during this dump. It was a volume climax at the top of the move and we are not patient and understanding the shift in momentum requires a shift in our trading. Always watching BTC for correlation clues.
Hello! I'm holding some LTC right now, would you continue holding in regard to uncertainty with BTC?
EstebanD
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@MuMPiTz, in my view you have a couple of option depending on your goals.
1. Decide a stop loss, That takes care of the case it breakouts down.
2. Just hold it and forget about it.