So the RSI and ADX are pretty concerning and may be pointing to some sort of super capitulation move in the works. The RSI has broken down out of a falling wedge, which to me says capitulation move incoming. Then looking at the ADX its still gaining and DI- is pointing up and wants more. I'll be getting long LTCUSD at some point, but I'm not even dipping a toe in the water right now. The freaking daily RSI and ADX have barely even budged this thing could get way worse before better. I love litecoin I'm a longterm bull but this just looks bad. Looking at the daily chart, we have supports around 29,17, and 4. I don't know what's happening but I'll be watching that 4HR RSI and ADX to see when maybe we have capitulated. The bottom will probably be fast and rebound hard. Good luck with all that :)
Trade closed manually:
Looking like it's going up now.
