Starting to compress around big support SHORT LTCBTC

14 Eki 2017

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.

14 Eki 2017

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Owned.