Starting to compress around big support SHORT LTCBTC
We're starting to see a intraday bear flag forming around key .01 support, not good for longs. I think we make more flags before dropping big but it could happen at any time. To switch and go long LTC, I would need to see RSI break above 60 (it's been below that since early Sept) and price go above the falling trendline. In that scenario, I would wait for a retest of 60 and price trendline then exit short and go long. Otherwise I remain short. Good luck.
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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.