LTC may be dipping down slightly more, attempting to finish its final correction leg at C. Then starting a new Elliot wave cycle. Bouncing back up between the 38.20 and 61.80 Fib Retracement level at 1.
It continues to struggle to break the $155 price mark, and hopefully on this 2nd wave it will push through that, making its way to $160 as predicted!
24 hr volume is $347,774,000 USD ...Overall since April 11th, for about 10 days, the OBV- On Balance Volume shows increasing buying volume. Taking a halt on April 21st, then leveling out for about 10 days or so as well. We need to see the OBV rise steadily again. LTC is staying 14 dollars above the 200 MA level. Decisively, in between the 50-100 MA seems to be the middle ground consolidation range for the next few days on LTC. If it breaks down and thru the heavy support of $141, then it will spell struggling trouble for LTC. Watch BTC since LTC does not run independently on its own!
Special Note: A falling wedge as you see on this TA indicates a Bullish Reversal Overall. I believe the price of LTC will bounce back up.
PS: This is not financial advice and only for education purposes. Perform your own TA!
If you learned even one thing, then like my TA and follow me to support my channel.
Thanks
CryptoBuzzAnalyst
It continues to struggle to break the $155 price mark, and hopefully on this 2nd wave it will push through that, making its way to $160 as predicted!
24 hr volume is $347,774,000 USD ...Overall since April 11th, for about 10 days, the OBV- On Balance Volume shows increasing buying volume. Taking a halt on April 21st, then leveling out for about 10 days or so as well. We need to see the OBV rise steadily again. LTC is staying 14 dollars above the 200 MA level. Decisively, in between the 50-100 MA seems to be the middle ground consolidation range for the next few days on LTC. If it breaks down and thru the heavy support of $141, then it will spell struggling trouble for LTC. Watch BTC since LTC does not run independently on its own!
Special Note: A falling wedge as you see on this TA indicates a Bullish Reversal Overall. I believe the price of LTC will bounce back up.
PS: This is not financial advice and only for education purposes. Perform your own TA!
If you learned even one thing, then like my TA and follow me to support my channel.
Thanks
CryptoBuzzAnalyst
