Klone33

Continuing Convergence

COINBASE:LTCUSD   Litecoin
The D1 is close to closing bullish, with higher highs and lows, during it's test of the 50EMA. However, there appears to be a rejection of the 20EMA as a resistance level. On the 4hr, prices are testing 50EMA resistance, pulling the 20 above the 200. On the 1hr, price has broken above the 200, but has lost momentum and begun consolidating, with HL and LH for the past 3 periods. The 15min broke bullish at noon(UTC-6) and is currently retracing to the 20EMA.
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