I've got the 4h chart here, with a potential bull flag on this rising trend. The resistance is the top of the bear channel, so it will be strong resistance since we've bounced below it SO many times. But, the trend is rising and the bulls are potentially going to fight this one for a breakthrough. It's really close and hard to tell, so I'm being cautious with this one today, though it looks promising. I'm hoping this support line means the end of the selloff and some new beginnings. But let the charts decide!
I'll point out the MACd on the daily chart is at a tipping point, it's pretty much at the zero crossing point but hasn't broken through so without volume it could bounce down again. This 4h candle that is forming still has 3.5 hours to close, so there could be a volume spike that finally gives us our first daily MACd cross sine last year! Bull volume is what will push us past those resistance lines, and bear volume breaking through the dotted line will mean that bearish sentiment continues. LTC keeps giving us a silver lining but hasn't made any jumps out of the bearish channel yet, though I am optimistic that it will happen soon, by the end of the month for sure, if worse comes to worse, because of the green upward channel (see some of my other charts to see it more clearly).
I'll point out the MACd on the daily chart is at a tipping point, it's pretty much at the zero crossing point but hasn't broken through so without volume it could bounce down again. This 4h candle that is forming still has 3.5 hours to close, so there could be a volume spike that finally gives us our first daily MACd cross sine last year! Bull volume is what will push us past those resistance lines, and bear volume breaking through the dotted line will mean that bearish sentiment continues. LTC keeps giving us a silver lining but hasn't made any jumps out of the bearish channel yet, though I am optimistic that it will happen soon, by the end of the month for sure, if worse comes to worse, because of the green upward channel (see some of my other charts to see it more clearly).
