A Bit Bearish on LTC
Gotta run right now, might update this later, but a few key things I've noticed here:
A looming death cross on the daily (50 and 200d EMAs) that may/may not happen
Head and shoulders with neckline area drawn in yellow
Descending triangle (slightly bullish)
Increasing momentum on RSI and MACD (also slightly bullish)
Very low volume, signaling potential volatility and high volume outbreak or breakdown
I have learned in the last few months that moving averages are not to be ignored.
Not sure where we are going, I never am. Just take this as educational information.
A looming death cross on the daily (50 and 200d EMAs) that may/may not happen
Head and shoulders with neckline area drawn in yellow
Descending triangle (slightly bullish)
Increasing momentum on RSI and MACD (also slightly bullish)
Very low volume, signaling potential volatility and high volume outbreak or breakdown
I have learned in the last few months that moving averages are not to be ignored.
Not sure where we are going, I never am. Just take this as educational information.
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