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TheChartGuys
Oct 18, 2017 11:10 AM

LTC 4 Hour Approaching Oversold 

Litecoin / United States DollarCoinbase

Description

Following BTC down, the hourly chart is seeing continued lower highs and lower lows.
Noting 4 hour RSI is close to oversold but also noting we will likely continue oversold for as long as BTC does.
BTC analysis is essential in combination with LTC if looking for a bullish entry at the bottom of this consolidation.
% gains on the bounce often are more significant compared to BTC.
Looking for a volume climax to signal the bottom for now.
Comments
ShaeqAllaie
How low do you expect it to go? I am very new to litecoin. So if you could please suggest a good entry point.
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