Litecoin is moving in an upward channel between two liquidity zones.
Trading volumes are declining.
Price is above large liquidity and testing a strong support level.
50MA has broken down the 100MA (30m TF)
Price has broken down 50MA (1H TF).
TD Sequential indicator has formed a reversal signal down (1H and 1D TFs)
Price and RSI formed a bearish divergence (1H TF)
I expect that the price in the hunt for liquidity may now dip to the lower boundary of the channel after fixing under the support level.
Trading volumes are declining.
Price is above large liquidity and testing a strong support level.
50MA has broken down the 100MA (30m TF)
Price has broken down 50MA (1H TF).
TD Sequential indicator has formed a reversal signal down (1H and 1D TFs)
Price and RSI formed a bearish divergence (1H TF)
I expect that the price in the hunt for liquidity may now dip to the lower boundary of the channel after fixing under the support level.
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