LTCUSD: 1D Watch out........Possible Bull trap in the making

COINBASE:LTCUSD   Litecoin / U.S. Dollar
As above.

LTCUSD continues to trade sideways and is indecisive with no really rally up or major sell-off. Multiple attempts to break above $50 lately have failed.

Should have good support in the mid $40 range (50 EMA ) in the near term unless some outside influence (e.g. BTC or stock sell-off).

Low LTCUSD volume continues which needs to pick-up if any meaningful up-trend is to happen.

Recent history might repeat itself with small bump up then drop to bottom of channel trend-line it is currently in.

Will follow.....

Good Luck traders.


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