Noxtreme

LTC In Depth: History be my guide.

COINBASE:LTCUSD   Litecoin
For my weekly I am going to stick with comparing our 2017 run start. History appears to rhyme here. We did finish red as I thought we would in my last analysis and now I see another red week (potentially one more after our current week) ahead. RSI is currently still highish on the weekly at 61. MacD, while bullish looks like it is ready take a breather on the center line. One thing is for sure; if we break 74.85 we will likely fall fast, at least temporarily because bears are looking at that level and there is probably a lot of stops to trigger there. We have our 12MA coming up to cross our 50 bullish but our 100 sitting right below $90 to act as resistance. Also those trend lines (yellow arrows) are copy pasted so you can see our drop is less extreme then what we saw in 17 as I thought it would be in my last analysis.
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