I like LTC here as long as we stay above $137.57 which was the impulse low indicated in the chart. We've got what COULD be (not confirmed until break of $174.33) a double bottom with HUGE volume coming in, which is KEY.
We appear to be making a falling wedge, and we have bullish divergence on the MACD and RSI.
I think it's worth a trade here with a stop at 137.50ish...
Pay close attention to your indicators and to how price reacts at/near the downtrend line, a break above, re-test and hold, and we could be looking at some fresh UPWARD movement.
There is obviously work to do before we can become bullish LT, but things are looking better here. Let's see what the market will give us!
Kommentera
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Stop should be 134.50ish...my bad.
Kommentera
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BREAKOUT! Time for LTC to start a NEW uptrend. Let's ride the wave...