In my previous post with
LTCUSD
HERE. I had shown a long down trend that was ongoing from the mid December 2017 run up. This previous path had broken out of it's channel (Shown in the yellow dotted lines, red dotted line being it's center). First on Feb 9 as a bull trap. Then again fully above on Feb 12. Using an inverted pitchfork, it seems to have created a new upward channel (Yellow solid lines). This is purely to show the general trend of
LTCUSD
. Not to give any specific price predictions, you can see the RSI, MacD and Bollinger bands all point to over bought. I expect a little settling down while keeping within this channel.
LTCUSD
HERE. I had shown a long down trend that was ongoing from the mid December 2017 run up. This previous path had broken out of it's channel (Shown in the yellow dotted lines, red dotted line being it's center). First on Feb 9 as a bull trap. Then again fully above on Feb 12. Using an inverted pitchfork, it seems to have created a new upward channel (Yellow solid lines). This is purely to show the general trend of
LTCUSD
. Not to give any specific price predictions, you can see the RSI, MacD and Bollinger bands all point to over bought. I expect a little settling down while keeping within this channel.
Comment:
It looks like we had another Boop off the upper 1.5 line on the inside pitchfork. A little sloppy, I know. I would say this needs one more Boop on the support before this channel is actually confirmed. The RSI is currently back to it's median line.
