After this unexpected bounce (there was a support, in fact, and that made it bounce), I think LTC is going down again.
I’ve drawn a possible ADX pattern (green and red lines at the bottom of the image), according to the previous moves and this is the shape I believe it will have. So it goes down.
Also, you can see the price is unable to get through the 21-day MA, what could indicate an imminent drop.
I’m not responsible of your actions. This is only an advice.
Trade at your own risk.
Have a great day and good trading. ;)
I’ve drawn a possible ADX pattern (green and red lines at the bottom of the image), according to the previous moves and this is the shape I believe it will have. So it goes down.
Also, you can see the price is unable to get through the 21-day MA, what could indicate an imminent drop.
I’m not responsible of your actions. This is only an advice.
Trade at your own risk.
Have a great day and good trading. ;)
Comment:
The red arrow I’ve drawn doesn’t mean it will be this way. I’m just indicating there will be a drop with possible bounces, since there are some resistances to break.