LTC bulls have weakened near crucial resistance, what to do?
The Litecoin has brokedown the upwards parallel channel and is observing near below the vital resistance level of $130.
The reading span A (at $121 level) of ichimoku indicator is approaching as a support zone during the consolidation phase.
The daily MACD indicator is going to generate bearish crossover above the positive region.
The daily RSI is still above the half-line (50-point) show, it broke the bullish trend (blue) and recently the RSI retested this line as a resistance level. Below the 50 level, the bears are likely to lead a directional trend.
MACD is looking from neutral zone to positive zone in terms of daily price chart. But the histogram began to grow less.
At the same time Litecoin price is above the leading span A of the Ichimoku indicator, holders will be safe, on the other hand the price slips below the Ichimoku cloud, the bears turn aggressive again. Therefore, the bulls need to push LTC above the $130 resistance area.
Support level - $100 and $70
Resistance level - $130 and $150
The reading span A (at $121 level) of ichimoku indicator is approaching as a support zone during the consolidation phase.
The daily MACD indicator is going to generate bearish crossover above the positive region.
The daily RSI is still above the half-line (50-point) show, it broke the bullish trend (blue) and recently the RSI retested this line as a resistance level. Below the 50 level, the bears are likely to lead a directional trend.
MACD is looking from neutral zone to positive zone in terms of daily price chart. But the histogram began to grow less.
At the same time Litecoin price is above the leading span A of the Ichimoku indicator, holders will be safe, on the other hand the price slips below the Ichimoku cloud, the bears turn aggressive again. Therefore, the bulls need to push LTC above the $130 resistance area.
Support level - $100 and $70
Resistance level - $130 and $150