Just wanted to get this out to show what we are seeing on the STOCH RSI, RSI, and CCI on a 4 hour mark. All 3 are beginning to fall which could show signs of weakness and being oversold. We have had another rally but could not reach the previous most recent high of .02490. We topped out around .02381 and we have started to fall again. We could see LTCBTC fall back to test the green uptrend channel around .02000 or even touch the support line again around .01947 - .01975. If it hold this and bounces off the support we could see another rally up and I expect to break the resistance line and find a new high, IF it were to fall below we could see a fall back to the second support line.
ALSO, today is supposed to be the release of LITEPAY, should make for an interesting day!
Happy Trading :)
Much Love
DustyPH
***This information is not a recommendation to buy or sell***
*Please leave a comment and let me know what you think!
LTCBTC is at .02042... it has almost reached my green upward channel target of .02000. Will it bounce soon or fall to the next support?! I will post an update soon!!!
Andbcoin
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NO
IT'S GOING DOWN!
Clear A,B,C pattern.
dustyPH
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@Andbcoin, clear huh? Where is your chart on that? As I said in this analysis, it could go down and the chart shows that it is, at least temporarily... but that could change. It's still above my first support line and the upward channel support line in green... hummm... If we fall below my second support line I'll become bearish but for now i say let the bulls run