LTC/usd downward channel under Ichimoku cloud stabilization

٢٩ ديسمبر ٢٠١٣

With the ease of movement coming back to initial momentum, the Ichimoku cloud leads with a good sell pressure. Buy pressure is holding but as resistance. Note average sell pressure trend and 618 fibonacci level. Other indicators might show the momentum velocity trend but all signs point to LTC at 17.91-18.45 at new years PST.