LTC WEDNESDAY UPDATE 9.25.19: FINDING A BOTTOM?
Updated
Hello all and happy Wednesday!
Since hitting the low of $53, LTC has been been trading sideways in this rounded channel on the 15 minute chart. The moving averages seem to be attempting a cross up. Let us watch for support here and a continuation and eventual break up of this rounded formation. Being that this is a smaller time frame it might not hold as much weight.
1D Chart Litcoin has fallen just above the 0.786 retrace of $22 and $144. Historically this has been a major support/resistance line.This was the level that was broken and led price to this year's extreme lows and highs.
4H chart range bound with volume starting to pick up. Stochastic RSI crossing above the 20 level with MACD re setting negative momentum.
1H Chart price consolidated down then broke up.
Since hitting the low of $53, LTC has been been trading sideways in this rounded channel on the 15 minute chart. The moving averages seem to be attempting a cross up. Let us watch for support here and a continuation and eventual break up of this rounded formation. Being that this is a smaller time frame it might not hold as much weight.
1D Chart Litcoin has fallen just above the 0.786 retrace of $22 and $144. Historically this has been a major support/resistance line.This was the level that was broken and led price to this year's extreme lows and highs.
4H chart range bound with volume starting to pick up. Stochastic RSI crossing above the 20 level with MACD re setting negative momentum.
1H Chart price consolidated down then broke up.
Note
Still inside this rounded channel, at the support line currently
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