LTCUSD is moving in a steady solid and serious channel with the lower line
and upper line already touched several times which are good support and resistance levels.
LTCUSD has shown some good volume and momentum this can indicate another touch
of the higher line before showing more action in the levels.
For now, LTCUSD is trading below the 55 and 20 EMA which is more bearish but when
LTCUSD comes above the EMAs it can confirm to bullish
RSI bounced at the oversold condition which can show an increase the next times to higher
levels. Furthermore, the MACD showed a bullish crossover which can show in a price increase.
The outcome of the channel will be indispensable and show the final direction.
TREND: Sideway
EXPECTATION: Test of channel higher line
TREND AFTER EXPECTATION: Confirmation either bullish or bearish
PREV: 43.123
OPEN: 43.126
VOLUME: 3.193K
DAY'S RANGE: 42.461 — 43.156
and upper line already touched several times which are good support and resistance levels.
LTCUSD has shown some good volume and momentum this can indicate another touch
of the higher line before showing more action in the levels.
For now, LTCUSD is trading below the 55 and 20 EMA which is more bearish but when
LTCUSD comes above the EMAs it can confirm to bullish
RSI bounced at the oversold condition which can show an increase the next times to higher
levels. Furthermore, the MACD showed a bullish crossover which can show in a price increase.
The outcome of the channel will be indispensable and show the final direction.
TREND: Sideway
EXPECTATION: Test of channel higher line
TREND AFTER EXPECTATION: Confirmation either bullish or bearish
PREV: 43.123
OPEN: 43.126
VOLUME: 3.193K
DAY'S RANGE: 42.461 — 43.156