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Litecoin
Long

Double bottom

By piatt.jesse
Ok, it looks like LTC has lots of legs reaching down to the 200 ema without breaking it. 4 hour RSI is starting to point upward again. Volume shows that buyers are coming in and pushing the price back up each time the price tries to dip back to the 200 EMA showing that we have a lot of bull action under that line. I'm still not happy with the Daily RSI and Macd, a drop in price to the 200 area would bring those into oversold area. A break back above 300 would clear the way for a retest of 375 with a pull back possibly down to 300 for test of that area as the new support. LTC has always been good at creating multiple support/resistance lines with each move and then testing them. For now I'm looking for price to move to 300.
Trend Analysis
piatt.jesse

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