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Like other alts, LTC is looking weak in the short term. Bearish divergence on the 4HR RSI and a H&S pattern now completing.
Note the bright pink descending line: it's the downtrend line from the December and February highs. It would be a great step for the bulls to establish support there.
See my latest BTC analysis to target potential reversal zones not evident on this chart.
Measure twice, cut once.
May all of life's treasures be yours.
Like other alts, LTC is looking weak in the short term. Bearish divergence on the 4HR RSI and a H&S pattern now completing.
Note the bright pink descending line: it's the downtrend line from the December and February highs. It would be a great step for the bulls to establish support there.
See my latest BTC analysis to target potential reversal zones not evident on this chart.
Measure twice, cut once.
May all of life's treasures be yours.
Comment:
Pretty serious battle here at the neckline! Multiple resistance tests already on the 5 minute TF. Be smart, move quickly when necessary!
Comment:
Retested and bounced from the pink downtrend line, I bought on the line and sold now. Still expecting to reach further toward the potential downside target box.
Comment:
After that massive rejection spike, we finally let go of the downtrend line. Headed to target box.