Hi guys
Today we are looking at LTC on a 1 day chart at a really short term. We can see a downtrend going on for a while now.. . I believe that we will drop a little more just to $100. This could be a good buying point.
Using the ADX indicator we can see that DI+ is laying underneath DI- , we can conclude a downtrend. Looking at the ADX which gives 40 points we can conclude that we are in a very strong downtrend. Thinking that at the middle of this month we could reach a point where the DI+ could go over the DI- and we are starting a new uptrend with likely a nice pricejump included. Going in on $100 and looking at $198 will be my strategy for LTC this month
Let me know what you guys think !
Today we are looking at LTC on a 1 day chart at a really short term. We can see a downtrend going on for a while now.. . I believe that we will drop a little more just to $100. This could be a good buying point.
Using the ADX indicator we can see that DI+ is laying underneath DI- , we can conclude a downtrend. Looking at the ADX which gives 40 points we can conclude that we are in a very strong downtrend. Thinking that at the middle of this month we could reach a point where the DI+ could go over the DI- and we are starting a new uptrend with likely a nice pricejump included. Going in on $100 and looking at $198 will be my strategy for LTC this month
Let me know what you guys think !