derpykevin

ltc downward trend test

BINANCE:LTCUSDT   Litecoin / TetherUS
As you can see we're obviously in a downward trend and testing the resistanceline now.
If it breaks, we can see a bullrun to the first fib level that acts like a hard resistance in the past.
the macd crossed wich is bullish, however the levels are not that low to call it bullish sow there is still enough space to go down.
If we brake the rsi resistance we can easily see a bullrun to the first fib level.
I dont see ltc breaking the lower support, but if it does...
stick to your stop losss
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