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Derivati_Capital
Feb 11, 2019 12:26 AM

Recent LTC Momentum is Not Sustainable Short

Litecoin / BitcoinBinance

Description

Most of this recent rush upward was triggered by fat fingers breaking the 0.01 resistance level. TDI and CCI indicate a flattening or steady burn off. Notice how resistance is currently at the 50% fib level. Recent low of December 2018 at 0.007 level lines up nicely with a low from November 2017.

Consensus: Flattening or grinding downward movement



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