hey litecoin hodl's. Is it possible a relief rally is coming? possibly. Is it dying? maybe, or is it just a normal correction?! Is there more pain ahead? Is it possible its going down lower? yes. but is it likely? no. I believe many things are likely and possible but i never thought it would be at today's levels or was i just in denial when the indicators was telling the bad signs ahead and just being to aggressive for the up side. yes! lets get to it. Macd is clearly showing the decline in volume, price action and the momentum of going down, but as you can see its getting squeezed tighter in the formation that it's in. therefore it's possible a great relief rally is ahead of that macd squeeze is showing! or is it a fake out to death? 20,50,200 sma on the upside resistances showing $60 then $70 and $110 needs to break that 200 sma for that great upside. On the break down of the strong $50 support next support is $38 then $22. is it possible to those low levels? yes. and is it likely? no.