As we can see, Litecoin seems to have bounced off of the 200 MA, an important support level.
As we can see, Litecoin is severely oversold on the daily. The last time it was this oversold was almost a year ago.
Furthermore, the oversold conditions on the LTCBTC ratio are even worse (or better for bulls).
I expect a wave B correction in coming days.
As we can see, Litecoin is severely oversold on the daily. The last time it was this oversold was almost a year ago.
Furthermore, the oversold conditions on the LTCBTC ratio are even worse (or better for bulls).
I expect a wave B correction in coming days.
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www.tradingview.com/chart/LTCbtc
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