TheChartGuys

LTC Hourly Oversold Bounce

COINBASE:LTCUSD   Litecoin / Dollar
Lots of resistance levels broken on the hourly lower high pattern.
We also have the daily chart forming a higher low, and we will now look for a higher high, and a bull MACD cross for follow through.
The break of $56.36 will be the green light for bulls and I currently like the setup for LTC better than the other two of the BIG 3.
I will be looking for an entry on a higher low of consolidation as the 15 min RSI is currently very high and just starting to cool off.
Bulls looking to change the trend back to their favor on the daily chart .
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