LTCUSD couldn't attract buyers and hence it failed to break 38% Fib level at 129$ levels. That level is protected by the Pink, Red and just above it the purple line. Both purple and pink lines are flat now, it means LTC will go sideways for a while. At the moment, It is falling to retest 112$ levels. If it does not hold, a dip to 96$ levels is possible. However, during this fall LTCUSD has a good support at $110 levels as well. This level usually attracted buyers enter the market and push the price up. it hasn't been broken during this year yet.
Stoch RSI is signaling overbought and in our viewpoint LTCUSD pair cannot be bullish as long as it is trading below the 38% fib level. Only a breakout above this level can be considered as a bull run to 137$ levels.
Stoch RSI is signaling overbought and in our viewpoint LTCUSD pair cannot be bullish as long as it is trading below the 38% fib level. Only a breakout above this level can be considered as a bull run to 137$ levels.