LitecoinLong
LTC/USD - Two Possible Scenarios, Leaning Bullish Short Term
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LTC/USD - Two Possible Scenarios Leaning Bullish Short Term
So far LTC is not doing anything unusual.. just typical algos bouncing between trend lines. The RSI is in the oversold territory on the lower timescales such as the hourly. The TSI hints at a minor turnaround here.. maybe good for a quick scalp up to the next high volume area on the VPVR, where it corresponds with a strong trend line, or a confluence of trend, fib and EMA.
Will be watching this one close. Because the low volume and the market sentiment in general is weak, it may keep this minor bump... well.. very minor.
So far LTC is not doing anything unusual.. just typical algos bouncing between trend lines. The RSI is in the oversold territory on the lower timescales such as the hourly. The TSI hints at a minor turnaround here.. maybe good for a quick scalp up to the next high volume area on the VPVR, where it corresponds with a strong trend line, or a confluence of trend, fib and EMA.
Will be watching this one close. Because the low volume and the market sentiment in general is weak, it may keep this minor bump... well.. very minor.
Note
Target Acquired lol .. quicker than expected
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