Bearish divergence on multiple time frames with the RSI and MacD.
Price is also hitting the white trend line we have been under since Nov 19 which makes me believe LTC will be falling through the orange trend line soon.
Higher high on the price and lower high on RSI means bearish divergence.
Looks to be repeating itself. If so then we could see one more leg up to the white trend line before a retrace.
Also watch for a break of the purple up trend line.
LTC is running up the yellow rising trend line.
Price has hit the top of the descending triangle on the daily chart and needs to bounce off the yellow line to retest the top of the triangle.
Fib retracement levels show support and resistances.
We broke out of the first falling wedge (Purple) and bounced off the bottom of the 2nd purple line in the larger wedge.
Price is retesting the first wedge that we just fell out of.
Also have the yellow down trend line that's been holding us down since the end of September.
With both lines converging its likely that we head down again and test the bottom of the...
Broke above the long term trend line (Green) that has held since May 9.
Looks like we came down for a retest and are now bouncing off of it.
Support and resistance shown by blue dotted lines.
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Not financial advise:)
Currently sitting on the support at 51.34.
Support and resistance levels shown by blue dotted lines.
LTC is seems to be within a falling wedge (Purple) on a longer time frame but forming a bear pennant at the moment as you can see with the 51.34 support and the green trend line.
Bearish short term and looking to test the first purple trend line on the way down....
Testing top trend line (orange triangle)
Needs to hold above $52.32 (Yellow Horizontal line) and break out of orange triangle to test Purple longer term trend line that goes back to May 5th peak.
Support at blue horizontal line and then at the bottom of the orange triangle.