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.
Comment:
Still not seeing the volume increase we need for a climb. Rising wedge has formed and buying volume is decreasing, all bearish signs.