Litecoin incredible recovery but is going sideways
Litecoin made an amazing recovery this week disrupting the forming downward trend. Seems like is consolidating as other coins. Wait for better signals to open long term positions.
- Trend: Sideways, consolidation with
a downward tendency
- MACD is over the 0 line it will probably
hover around it
- SMAs are too close, traveling almost horizontally
- Price should travel away from SMA 26 or SMA 70
to confirm a trend setup
- Trend: Sideways, consolidation with
a downward tendency
- MACD is over the 0 line it will probably
hover around it
- SMAs are too close, traveling almost horizontally
- Price should travel away from SMA 26 or SMA 70
to confirm a trend setup