LTC Rejection at 43

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LTC is getting a serious pump right now. While I believe it was over sold and due for some attention, watch the trend line at 43 for rejection to see if we are still on a path of decline or looking to break a trend and move upwards.

Uwaga

Watch for a 4HR close above the orange line, could signal a possible reversal, but at this point I'd be weary of buying the tip of this monster wick.

Uwaga

Watch the 41 to 41.50 area for a possible bounce. While that 4HR candle is beautiful, it is not enough to believe we have a reversal but not closing outside of our trendline.

Uwaga

41.50 was good for the bounce. Sold at 42.50. Will continue to watch and trade based on price action.

Uwaga

43 is being retested, watch this 4 hour candle for a close below or above 43 closely, with the news for LTC coming tonight; we may see some action that TA cannot provide perfect insight to.

Uwaga

Silver bullet chicken. o_O

Uwaga

iSovereign <3s chikuns

Uwaga

Good scalping on LTC during this weeks events. I would be careful trading above the trendline.

Uwaga

Below the trendline again. Just a 15M chart for a closer look.

Uwaga

Still LTC has rejection and is in a bear move, despite the tremendous growth the other day.

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