Dog Days of Summer: Bearish Short-Term, Bull Long-Term

COINBASE:LTCUSD   Litecoin / U.S. Dollar
See chart above for TA, below are a few comments:

LTCUSD pairing could take Path 1, supporting indicators include:
- Daily hammer formed 29JUL
- Stoch RSI is indicates that the pairing is oversold

LTCUSD pairing could take Path 2, supporting indicators include:
- MACD is deeply bearish
- Bearish divergence on volume since 16JUN upswing
- Looming SHS pattern.

I lean more towards Path 2. I will note that the $33 to $34.50 price range should provide some base support.

I am bullish on the long-term for this pairing, but some development news will be needed in order to help continue this uptrend.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out