Ambassadorj

LTCUSD: Where are you going from here?

Ambassadorj Updated   
COINBASE:LTCUSD   Litecoin
Watching the 1D MACD to maybe cross the zero line from below, which may indicate a new uptrend emerging. The RSI still looks like it is rising. Decent support above the Fib 0.618 with the overall trend since late August following the 4:1 Gann Fan angle line in the up direction. The 3D MACD has already crossed the zero line from below and usually indicates at least short term up trend has begun. The LTC price appearing to fluctuate within the tight range $69-73 and the bulls need some volume to push past the resistance at $74 to head north to the test the 50 EMA/$77 level on the 1D chart. Careful as always as this latest little up trend may be a big bear flag in disguise and may drop at any moment if bear volume spikes as overall volume is low right now.
Comment:
Down.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.