LTCUSD TECHNICAL ANALYSIS OH H4 TIMEFRAME 
Publish Date : 2019/09/25 - 06:54

LTCUSD TECHNICAL ANALYSIS OH H4 TIMEFRAME



Litecoin is forming a bearish channel on its 4-hour time frame and is approaching the channel bottom near the 61.8% extension of $52.784. Stronger selling pressure could take it to the full extension all the way down to $35.680.

However, the 100 SMA just crossed above the 200 SMA to indicate that the path of least resistance is to the upside or that support is more likely to hold than to break. Stochastic is also approaching the oversold region to signal bearish exhaustion.


Source:babypips

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