Getting battered by the BTC correction. LTC needs to stay in the blue channel to maintain upwards momentum
H&S- one of many patterns playing out in the short-term. Volume movements seem to confirm pattern.
Strong deviation from the yellow line indicates an overall bullish market. A pullback to the yellow line is needed one more time (the yellow line acts like a magnet). -Could go up in the short-term, future clouds indicate continuation of uptrend (still an overall strong bullish market - current state is above the clouds), but it has to make the trip back to...
Throwing another long-term bearish signal into the mix. SMA (orange) crosses over the top of HMA (black) on the weekly btc/usd chart. Trend needs follow through for confirmation.
Doesn't get any clearer than this. Short-term trend is down, swings getting smaller and smaller.