LTCUSD feeling the squeeze this week
Bearish divergence on RSI and MACD on 2/26 (yellow lines) raised caution for me and sure enough LTC fell from there. We are now stuck just under the .618 (white line) from the recent swing high/low, but just above one of my blue historical support/resistance lines around $205, which we already bounced off of twice this morning. Sell volume has been increasing today, but it could be a double bottom. If we break below $205, consider fibs or other historical blue lines for next support.
Measure twice, cut once.
May all of life's fortunes be yours.
Measure twice, cut once.
May all of life's fortunes be yours.
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