LitecoinShort
LTC, bears still in control but...
While Bitcoin has already made a lower-low, today, Litecoin has not. Even though the bears are clearly still in control, this is a good sign for Litecoin.
Next support is a wide zone between 80 and 105. This area has high potential for a trend reversal. I'll be keeping an eye out for higher highs, higher lows, positive EFI and MACD cross, cross above 21-day EMA, PA signals, etc... Ideally, I'd like to see solid confirmation that the bear trend is over before considering any buys.
Next support is a wide zone between 80 and 105. This area has high potential for a trend reversal. I'll be keeping an eye out for higher highs, higher lows, positive EFI and MACD cross, cross above 21-day EMA, PA signals, etc... Ideally, I'd like to see solid confirmation that the bear trend is over before considering any buys.
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