Disclosure: As I write this article I don't have any LTC position but will buy LTC (and put a stop loss)
The first chart is a daily chart. It shows the big picture. We had descending flag (white) which was broken early February. Now we are in a second descending flag which I expect to break as well.
On the 4-hour chart the MACD has crossed already. I think it will cross on the daily as well which will be bullish.
The 1st wave and its corrective wave are done. We are going to build the third wave one with a medium-term target of $400.
Legal Disclaimer: I am not a financial advisor. This article is only meant for use as informative or entertainment purposes. It is not a recommendation to buy or sell anything.
