TheChartGuys

LTC Still Weakest, EMA 12 hourly resistance

COINBASE:LTCUSD   Litecoin
BTC and LTC are being driven down by EMA 12 hourly resistance, and we will have to see a higher low and higher high for the bulls to have any hope of shifting momentum and forming a lower wick on the daily candle.
Daily chart has pulled back more than 50% from the high of the bounce, same as BTC.
We are back to the game of looking for a trend change on the hourly... then looking for the same thing on the 4 hour.
The more we consolidate, the greater the odds we see a daily EQ rather than the potential for continuation right away (with the daily bounce).

Checkout our full trading resources online www.chartguys.com

Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.