LTCUSD: If We Are to See Reversal UP, it Needs to Move NOW.
Hi Everyone! We need to begin seeing the Red RSI and Blue LSMA in the entire Short Term Group of Time Frames rise above Level 50 in a domino affect through the entire Short Term Group (30-min. 60-min. 90-min. 2-hr. 3-hr. 4-hr. 6-hr. and 8-hr. time frames). Otherwise, the Red RSI and Blue LSMA continue to fall further down the next 12-hour candle and the Blue LSMA in the 24-hour would be at risk of falling below level 50 the next 24-hour candle. The Blue LSMA is currently at Level 57 and falling in the 24-hour time frame.
The 5-Day and 6-Day still look quite bearish; with their Green Line still falling and potentially making contact with the Green Line while the Green Line is going down on the Next 5-Day and 6-Day candles. We have a new 5-Day candle beginning in 1-Day 19-hours and a new 6-Day beginning in 2-Days 19-hours.
We can anticipate sideways at best or downward at worst during this period of downward pressure that's "on-going" in the Near Term Group of time frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week).
Happy Trading and Stay Awesome!
David
The 5-Day and 6-Day still look quite bearish; with their Green Line still falling and potentially making contact with the Green Line while the Green Line is going down on the Next 5-Day and 6-Day candles. We have a new 5-Day candle beginning in 1-Day 19-hours and a new 6-Day beginning in 2-Days 19-hours.
We can anticipate sideways at best or downward at worst during this period of downward pressure that's "on-going" in the Near Term Group of time frames (12-hour, 24-hour, 2-Day, 3-Day, 4-Day, 5-Day, 6-Day and 1-Week).
Happy Trading and Stay Awesome!
David