LTCUSD: 1D Watch out........Possible Bull trap in the making
As above.
LTCUSD continues to trade sideways and is indecisive with no really rally up or major sell-off. Multiple attempts to break above $50 lately have failed.
Should have good support in the mid $40 range (50 EMA) in the near term unless some outside influence (e.g. BTC or stock sell-off).
Low LTCUSD volume continues which needs to pick-up if any meaningful up-trend is to happen.
Recent history might repeat itself with small bump up then drop to bottom of channel trend-line it is currently in.
Will follow.....
Good Luck traders.
LTCUSD continues to trade sideways and is indecisive with no really rally up or major sell-off. Multiple attempts to break above $50 lately have failed.
Should have good support in the mid $40 range (50 EMA) in the near term unless some outside influence (e.g. BTC or stock sell-off).
Low LTCUSD volume continues which needs to pick-up if any meaningful up-trend is to happen.
Recent history might repeat itself with small bump up then drop to bottom of channel trend-line it is currently in.
Will follow.....
Good Luck traders.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.