Hi Community,
I am following up from my previous idea and I am trying to make sense of supply & demand zones, and volume. I am not an expert in this at all, so I'd appreciate your thoughts.
The 4H chart shows decreasing volume and an RSI in overbought zone. What I can't make my mind up is whether the volume is suggesting a slight decrease to retest the previous...
The LTC/USD pair continue fell down since the its halving in late August. The coin has lost nearly half of its value since that time. Moreover, Litecoin’s hash rate has decreased by almost 70% since the halving, which means that miners are not so happy and motivated to support the network.
At the time of writing, Litecoin was down by 0.85% for the last 24 hours....
Litecoin remains technically weak headed into the monthly price close, as the popular crypto struggles to regain bullish momentum. A large monthly reversal candle and a monthly price close below the psychological $100.00 level should be considered bearish for the LTCUSD pair. Overall, continued selling down towards the $70.00 level remains the favored...
Similar to BTC, the LTC bulls are trying to form a higher low and higher high on the daily chart.
The bulls are shifting momentum back in their favor and it could be marked with a daily bull MACD cross as well.
The daily MACD is what gave confidence in ETH to hold from $775 to the $900s.
Correlation to BTC still present, which is good for the bulls when BTC is...
