Ltc price reached the lower end of the fib channel ,
That means we re still on an uptrend but on a slower growth due to the lack of volume,
Also the 0.236 fib level - white line of the fib taken from 106 high to 62 low, where the price action was unfolding around for the last few hours , happens to coincide with the 21 ema on the Daily ,
So we can see how the price got trapped after crossing that line on the downside inside the blue triangle formed by the diagonal support of the channel on the downside and the 21 ema of the daily on the upside .
If it manages to break up through to the upside and remain there above the 21 ema of the Daily , price confirms that is still on an uptrend .
That means we re still on an uptrend but on a slower growth due to the lack of volume,
Also the 0.236 fib level - white line of the fib taken from 106 high to 62 low, where the price action was unfolding around for the last few hours , happens to coincide with the 21 ema on the Daily ,
So we can see how the price got trapped after crossing that line on the downside inside the blue triangle formed by the diagonal support of the channel on the downside and the 21 ema of the daily on the upside .
If it manages to break up through to the upside and remain there above the 21 ema of the Daily , price confirms that is still on an uptrend .