LTCUSD 4hr Attempt by Bulls to hold and push back @ $64-65
Bulls currently building support at $64-65 and 4hr with Bollinger bands narrowing again after the last pop and drop from $72 but decent resistance close above. Bulls trying to shoot for the 50EMA at around $68. Overall, still bearish after the death cross on the 1D and if this current attempt to push higher above 50 EMA fails to hold then likely heading closer toward next lower Fib level 0.786. Good luck.
Commentaire:
Bull volume just not enough currently and looking like sideways movement for the most part in the $63-65$ range with some continued support at $63. Bollinger bands even tighter and if bear pressure from above continuous and bulls weaken, another pop in the down direction to mid to upper $50 range.
Commentaire:
Bulls charging back with a pop-up and good support for now at $65 with lots of buy orders down to $50. Will see if they can rally and hold past the 50 EMA on the 4hr as this still a resistance level.
Commentaire:
Potential cup and handle now forming on 4hr.
Commentaire:
Nice. Broke 50 EMA on the 4HR.