LTC Analysis
Updated
Formed a cup and handle after 34 days.
Currently in a rising wedge and has been following btc price changes. If btc decides to moon ltc should as well which would lead to it breaking the wedge.
MACD, RSI, and DMI are currently sitting in a wedge as well.
Don't take any action until movement becomes clear; I will continue to watch this.
Closer:
Currently in a rising wedge and has been following btc price changes. If btc decides to moon ltc should as well which would lead to it breaking the wedge.
MACD, RSI, and DMI are currently sitting in a wedge as well.
Don't take any action until movement becomes clear; I will continue to watch this.
Closer:
Note
Cup and Handle was invalid, looks more like a pan and handle.Dipping, still has potential of bounce off ema 89 and just bounced off support on rsi.
If it breaks ema 89 and breaks an rsi value of 40 should indicate a strong dip to 144 and lower.
Trade active
Short this, btc crashing, didn't find support at ema and rsi.BTC:
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