LTCUSD: 1W weak sauce.... not looking good for bulls
As Above.
1W chart still looking quite bearish to me with continued rejection at around $50 level and BTC halving right around the corner and that tends to be bearish. Volume also appears to be tanking.
MACD crossing is a red hearing overall I think in this "false" break-out we seen from $25$-$50.
Look out for pre-halving dump! If breaks the $40 support level then likely to revisit $20-30 area at least ....
Also, LTCBTC is in a continued long term and steep down trend and bottom probably not in yet.
Good luck traders.
1W chart still looking quite bearish to me with continued rejection at around $50 level and BTC halving right around the corner and that tends to be bearish. Volume also appears to be tanking.
MACD crossing is a red hearing overall I think in this "false" break-out we seen from $25$-$50.
Look out for pre-halving dump! If breaks the $40 support level then likely to revisit $20-30 area at least ....
Also, LTCBTC is in a continued long term and steep down trend and bottom probably not in yet.
Good luck traders.
Feragatname
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