LTC - Heading for a retrace, despite futures coming aboard

10 thg 12, 2017

We're at the top of the channel we've been surfing since May. It's hard for me to believe that we're not going to see a 30-50% retrace as we have seen in all other major volume trade increases in the past. The supports I'm imagining are in the $70-$120 range, depending on how far we trade sideways versus a quick drop like on Sept 15th, following the last major increase on Sept 1st.

11 thg 12, 2017

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Scalped from $165 to $197, now the retrace is in full effect as we see RSI on day chart crossing over finally.