Based on this, nothing really new except a few points I have noticed. In the downward channel I see that if I divide it in half, the more recent price action is sticking to the upper portion of the bearish channel, getting closer to the resistance line and ready to break out. This will be possible if volume continues to climax like it did yesterday. I am sure that that is a possibility now since it happened already yesterday, even if there is no spectacular news. Volume has been super low all month so a spike like yesterday is sure to bring more like it.
A MACd cross looks to be underway on te daily chart as well, and with volume that will be a great combo to launch chikun back into space. If we can get a strong break out of this channel it may be the end of it finally. May take a day or two, but I'm patient. Last time I was patient with LTC it ended up blowing everyone's shorts off out of the blue.
A MACd cross looks to be underway on te daily chart as well, and with volume that will be a great combo to launch chikun back into space. If we can get a strong break out of this channel it may be the end of it finally. May take a day or two, but I'm patient. Last time I was patient with LTC it ended up blowing everyone's shorts off out of the blue.