LiteCoin failed to break through the major cyclical resistance derived from the top (in light green), and is now falling back down to re-test support (in blue).
-It is now time to stay alert and look for bullish price action on the lower times frames to go long with a SL on a closing basis below support. I will keep this post updated for a potential long entry.
There is a steep market angle derived from the cycle low, meaning that there is potential for a rally to the upside but only if we close above Daily Resistance.
MIDAS Trend Signals have already generated a Buy Signal, yet we need to break above resistance to see higher highs.
MIDAS Trend Signals
The Hidden Market Order