milton_sp

Litecoin incredible recovery but is going sideways

COINBASE:LTCUSD   Litecoin / U.S. Dollar
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
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