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