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.