LTC is presenting several short term bullish arguments. The 4 hr time frame allows us to see a very clear head and shoulders. We are basically about to break the next line and a decent opportunity for a scalp does seem to be on the horizon. Momentum is reasonable at the time of this posting but RSI is pretty high all things considered. We might see some sideways movement before a launch up. Risk to reward here favors a long to $54-60 with a tight stop loss around $50-51 depending on leverage. This is not trading advice.
Comment:
Very nice.
