LTCUSD Technical Analysis 4hour
Still looking for an entry. No confirmations of trend change yet.
Most movement has been lateral. You can see that in the Renko chart.
RSI is on a down trend
Updated Renko brick size to 0.72 using ATR 14.
LTC is still bearish. We need to confirm trend change before entering the trade.
Volume shows support around 48.38 which coincides with Fib at 48.25. If support is broken then we are looking to continue the overal bearish trend likely to 45.39 or 43.92
Most movement has been lateral. You can see that in the Renko chart.
RSI is on a down trend
Updated Renko brick size to 0.72 using ATR 14.
LTC is still bearish. We need to confirm trend change before entering the trade.
Volume shows support around 48.38 which coincides with Fib at 48.25. If support is broken then we are looking to continue the overal bearish trend likely to 45.39 or 43.92
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