As you can see bearish
strenght is decreasing as far as time is passing through. On RSI
indicator is forming a slightly bullish
signal with higher low between point A and point B marked on indicator. Macd
is probably crossing in positive territor and FIBO level .786 (price 176 usd) is doing his dirty job as support price. Now LTC is facing 50 period moving average marked in red and is moving inside ichimoku cloud
. First resistance is positioned on .618 FIBO level at 229 USD price. Very positive perspective will open if price will break through FIBO level .618 (price 229 usd) confirming the " head and shoulder " pattern.
"One good picture is worth a thousand words"