LTC daily is forming a downtrend,we will need to break the resistance level around $55.00 area,and if we do not break through we could retrace back to heavy support around the $50.00 area
The middle high low moving Average is also showing bearish signs as the green line is under the red line.
(Bullish sign when green is over red)
RSI is also forming a downtrend nearing the overbought area.
(retaliative strength index)
We are in a descending triangle that often times in crypto breaks bullish.
Buy order in @ $50.00.
The middle high low moving Average is also showing bearish signs as the green line is under the red line.
(Bullish sign when green is over red)
RSI is also forming a downtrend nearing the overbought area.
(retaliative strength index)
We are in a descending triangle that often times in crypto breaks bullish.
Buy order in @ $50.00.