"Top and Bottom Analysis" LTC/USD (LITECOIN) by ThinkingAntsOk
4H CHART EXPLANATION
In the short term, we can expect a double top with the previous Max. level, and then a downside movement towards the Ascending Trendline. Also, there is MACD Bearish Divergence. After this, if this price zone is broken, we will look for short/long positions based on the higher timeframes analysis.
Updates comming soon!
-Weekly Timeframe:
-Daily Timeframe:
In the short term, we can expect a double top with the previous Max. level, and then a downside movement towards the Ascending Trendline. Also, there is MACD Bearish Divergence. After this, if this price zone is broken, we will look for short/long positions based on the higher timeframes analysis.
Updates comming soon!
-Weekly Timeframe:
-Daily Timeframe:
