LTG's reversal confirmed?

LTG started bounce after it hits RSI trend line and created higher lows on the next day. I guess this is it. Observed also that it closed today (Thursday 2-27-14) above 38.2% fibo line which is in sync with the red line at 17.65 which indicates a good sign since it has found support on that line. Current resistance is at 18.51, if it breaks, it may go up to 19.90.

Good luck.