Litecoin is looking heavy
I hope I'm wrong about this but it looks like LTC could continue to fall, at least to the 50% fib line, but perhaps more likely (with the continuing rise of BTC) we could fall to the 38% fib level. Ichimoku and RSI look like shit. Stoch shows potential for upwards movement, but I think we would just hit resistance and fall again. But let's see. I still think LTC is a good coin long term, but it looks like shit at the moment.
Note
LTC continues to look like absolute shit. Close to the 38% fib level now. Might see a bounce, but there are currently no indicators of a reversal. If it breaks strong support here we might go to 23% level.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.