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Litecoin
Long

Possible trend reversal coming soon.

By piatt.jesse
This apply s to both LTC and BTC as the charts on the two are almost identical as normal. LTC has reached the bottom of the pennant, the RSI, Macd and Stoach are all showing well oversold at this point and the 1day charts are now in a position to support upward ward movement. With this last drop down to 213 believe the bearish trend will turn neutral for some sideways action as the 1day Macd works into a position to cross over, at that point look for higher highers and higher lows all the way back into range of the previous ATH of 420. I have closed out my short positions and am now long, looking for 250, 300 and 375 for a minor pull backs. Good luck and happy New Years.
Chart PatternsTechnical Indicators
piatt.jesse

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