jamiecassels

LONG LTC still developing, looking good so far.

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BITFINEX:LTCUSD   Litecoin
Switching to the weekly chart for the long term view, we can see a lot of coiling going on. Both price and the stochastic indicator show that we are indeed still in an uptrend. The RSI looks like it's flagging, and while the DI+ doesn't look particularly encouraging, it still remains in an uptrend itself. All in all, I think this is a good chart for longs and when we have coiling like this on the weekly chart we can expect a big move to come, I'm guessing up. Good luck.

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