LTCUSD feeling the squeeze this week

28 thg 2, 2018

Bearish divergence on RSI and MACD on 2/26 (yellow lines) raised caution for me and sure enough LTC fell from there. We are now stuck just under the .618 (white line) from the recent swing high/low, but just above one of my blue historical support/resistance lines around $205, which we already bounced off of twice this morning. Sell volume has been increasing today, but it could be a double bottom. If we break below $205, consider fibs or other historical blue lines for next support.
Measure twice, cut once.
May all of life's fortunes be yours.