LitecoinUpdated LTCUSD Daily
Litecoin has fallen below the 50 sma (buy/sell line) and 5 period RSI mid-line (momentum indicator) on 1h & 4h charts. The daily remains in an uptrend with signs of a pullback. Notice previous pullbacks to the .382 Bollinger Band channel that coincided with a top to bottom cross of the 5 RSI mid-line. Seems like a good asymmetric risk area to add to or establish a position.
Note
1h & 4h charts have repaired some damage and are getting back to buy territory. Next daily close and following candle for confirmation may hint at direction.
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