LTCUSD

in #ltc7 years ago

Litecoin has been on a daily downtrend. Has been coming down since the 19th of December, 2017. Litecoin's MACD has been diverging from the price for a week or so now, and if it continues to diverge then we should see a reversal in price. There is a daily uptrend line at around the 90~ area. With all the recent news about government regulations, exchange shutdowns etc., we'll be facing more bearish pressure. The next support line for LTC is at 170~, and if brice breaks it with a solid bearish candle, then the next stop would be around 130~, then 97~, still following a weekly uptrend of some sort. But for now, LTC has consistently created lower lows and lower highs forming a daily downtrend. I believe when RSI is at the oversold mark, LTC should see some better upwards movement.

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yes LTC is in a downtrend and no sign to make new high as of now and its a wait and watch only for the time being.

LiteCoin is probably headed further down. Right now the big 3, are all following a downtrend, and seem to be pegged against each other.