Uncategorized

LTC overbought and running out of gas?

LTC has been overbought on RSI twice recently and has formed bearish divergence. We are currently also sitting at the upper limit of the 6-week uptrend channel , and have a bearish divergence on the MACD as well. Hard to see LTC continuing this monster climb without having a retrace. I am short for now.

Leave a Reply

Your email address will not be published. Required fields are marked *