LTC is moving in a descending channel since a few days. If it is able to break this downward movement, we could face a buy opportunity.
MACD is crossing over and RSI returning from oversold region. Volume on up movement looks fine. Also note that LTC has shown strength in the bearish market conditions we face last weeks.
It is only advisable to take action when price breaks channel and is confirmed by other indicators. If resistance is too strong, we could go to lower 30's.
MACD is crossing over and RSI returning from oversold region. Volume on up movement looks fine. Also note that LTC has shown strength in the bearish market conditions we face last weeks.
It is only advisable to take action when price breaks channel and is confirmed by other indicators. If resistance is too strong, we could go to lower 30's.
Comment:
Broke resistance line. Up 7% now.