THELOGICALINDIAN - Litecoin amount bootless to barter college admitting a few absolute signs and it looks like it may barter added lower in the abreast term
It looks like affairs burden prevailed and buyers bootless to booty the amount higher. There is a application triangle arrangement formed on the alternate blueprint (data augment from HitBTC), which is about to be broken. If there is a abutting beneath the accent triangle abutment trend line, again there are affairs of it affective lower further. A new account low may be created, and the amount ability barter abreast $3.40.
The amount is able-bodied beneath the 100 simple affective average, which is addition bearish assurance that may burn a downside reaction. Yesterday, the price was aloft the 100 MA (30-min blueprint via the abstracts augment from Bitfinex). However, buyers bootless to capitalize on the same, and as a result, the amount confused beneath the 100 MA.
Overall, the amount charcoal at a bright accident of added losses in the abreast term. If there is an alternate abutting beneath the triangle abutment area, again the amount may accelerate further. The abutting abutment breadth on the downside is about the $3.40 level.
Hourly MACD – The MACD is in the bearish zone, pointing appear a downside move.
Hourly RSI – The RSI is beneath the 50 level, which is addition bearish assurance that could animate sellers.
Intraday Support Level – $3.45
Intraday Resistance Level – $3.55
Charts from Bitfinex and HitBTC; hosted by Trading View
