LTCUSD: 4HR New down channel forming....bearish continuation
As above.
Price action looking to probably ping up and down between the two trend lines and looking for break-out above, below, or continuation within the channel for possible trade set-ups
RSI looking bearish and expect down trend to continue overall. 3D MACD also getting close to probably crossing over soon for confirmed negative bearish trend in the short term a well.
Bull volume on LTCUSD still too low for any major Bull activity or to overcome the strong resistance and multiple rejections at $45-48 and above.
Lastly, how low will LTCBTC continue to go?? LTCUSD RSI on 1D is bouncing off rock bottom and already is hitting 2017 level at 0.0045. Things getting interesting post BTC halving!
Good luck traders.
Price action looking to probably ping up and down between the two trend lines and looking for break-out above, below, or continuation within the channel for possible trade set-ups
RSI looking bearish and expect down trend to continue overall. 3D MACD also getting close to probably crossing over soon for confirmed negative bearish trend in the short term a well.
Bull volume on LTCUSD still too low for any major Bull activity or to overcome the strong resistance and multiple rejections at $45-48 and above.
Lastly, how low will LTCBTC continue to go?? LTCUSD RSI on 1D is bouncing off rock bottom and already is hitting 2017 level at 0.0045. Things getting interesting post BTC halving!
Good luck traders.
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