stamoyo

LTC/USD Plausible price action

Long
BITFINEX:LTCUSD   Litecoin
The coin just bounces off from the Gann Fan's level and should head for its neighbor. The RSI is oversold which has not happened lately and reassures the even slight upside trend. According to the RSI, the MACD has its averages in bullish consolidation for 2nd time, recently. And in retrospect, the first time it gave the trend the strength to go upwards. Last but not least, the price was at its most though support and the bounce was highly expected. Fortunately, the resistance line, the previous Gann fan's level breakout and the 2nd further level consolidates in one tight district that might be the price's target.
*Disclaimer: this is for educational purposes only*
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