LTC showing bullish divergence on a horizontal support. This is indicative of a change in trend and an upward swing occurring.Note
Fib support broken. Still riding along horizontal currently. If this holds with the bullish divergence we could see a nice bounce. Overall market concerns me and could cause a drop lower.
Note
LTC trending well below the Keltner Channel indicating continued downtrend.
Note
Overall I'm concerned with LTC even with the bullish divergence. Avoiding trade unless I see other positive indicators.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.