Looks like we are experiencing another LTC USD breakout. I'm thinking that it goes from low $70's to low $80's on the next leg up. After that, possibly even higher to test new high. I wonder how much higher it will shoot past $99 if it does.
Sadly, we've had another weak break that got knocked down quickly. When we do resume the trip up though, we're going to hit some bag holders in the low 80s that will be tough to break through (all those people that thought they were buying a pullback from $98).
elastik
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I wonder how many people sold only to buy back on a show of strength?
Box1515
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@elastik, guilty. My brain says "NO!" but sometimes the FUDsters get in my head (even though I know better).
elastik
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@Box1515, I've made the same mistakes. I try to be more patient when buying so I can sell faster if that makes sense.