Litecoin made an amazing recovery this week disrupting the forming downward trend. Seems like is consolidating as other coins. Wait for better signals to open long term positions.
- Trend: Sideways, consolidation with
a downward tendency
- MACD is over the 0 line it will probably
hover around it
- SMAs are too close, traveling almost horizontally
- Price should travel away from SMA 26 or SMA 70
to confirm a trend setup