LTC is losing Momentum
Cập nhật
the LTC price has remained stable during the past 24 hours. However, at the time of writing, LTC seems to be in bad shape after a massive drop down since late week
Will the altcoin recover and push above $170 yesterday , I am thinking it will drop deeply caused by :
1- Head and shoulder formation on Weekly chart
2- Negative sentiment remain bearish within the last 2 weeks especially when price reached the the highest price for LTC @ 242 its noticeable the sellers still controlling the market through volume delta chart analysis
ibb.co/XWDVPqK
3- Bearish Ingulfing for last week candle suggested selling from 180 as long as the price below this level.
4- Bitcoin remain bearish as long as 49600 still above the price and this will influence LTC momentum.
I will be glad getting any comments regarding this :)
Will the altcoin recover and push above $170 yesterday , I am thinking it will drop deeply caused by :
1- Head and shoulder formation on Weekly chart
2- Negative sentiment remain bearish within the last 2 weeks especially when price reached the the highest price for LTC @ 242 its noticeable the sellers still controlling the market through volume delta chart analysis
ibb.co/XWDVPqK
3- Bearish Ingulfing for last week candle suggested selling from 180 as long as the price below this level.
4- Bitcoin remain bearish as long as 49600 still above the price and this will influence LTC momentum.
I will be glad getting any comments regarding this :)
Ghi chú
The confirmation : we need a weekly close candle below 152Ghi chú
closing below 152 failed , its bullish now
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