LTCUSD inverted head and shoulders on the 4HR not complete yet? Also, possible inverted head and shoulders forming on the 12HR and 1D chart for LTC. Will have to follow. Looks like bulls picking up some volume and may try to test the 200 EMA on the 4HR at least short term.
Gann fan and Fib retracement lining up pretty well for this LTCUSD down trend on the 1D.
Potential mini cup and handle on 4HR forming. If bulls end up breaking neck line and 50 EMA then maybe push up to 100 EMA on the 4hr at around $70-72?
Bulls currently building support at $64-65 and 4hr with Bollinger bands narrowing again after the last pop and drop from $72 but decent resistance close above. Bulls trying to shoot for the 50EMA at around $68. Overall, still bearish after the death cross on the 1D and if this current attempt to push higher above 50 EMA fails to hold then likely heading closer...
50 EMA appears to be heading to cross the 200 EMA on the daily for LTC within the next week?
LTCUSD large buy orders @ $72 but bears eating it up and now stuck below 200 EMA, relatively sideways in a descending triangle. Volume relatively low post halving. MACD divergence not always a reliable indicator of trend reversal.... see drop from $120's to $90's. Elevator is full and likely going down and accelerated after upcoming death cross. Good luck. Buy...
LTCUSD Bollinger Band squeeze on 4hr soon to pop in an overall down trending appearing pattern. Bears moving in to build up resistance at $73 now.
LTCUSD symmetrical triangle forming on the daily. Looks eerily similar to previous downtrend from 140's. Might indicate possible drop to mid 60's.