LTC potential bullish dip
LTC looks like it might possibly dip over the next few days setting up a potential bullish bounce from what I am seeing.
Bullish continuation divergence for the previous upward trend looks to be presenting itself as Litecoin looks to consistently be fighting higher lows while RSI continues to dip. If the support holds between $175 and $190 forming a wedge, and if RSI continues to drop around these price ranges (particularly to around 37), this looks like it could set up a good potential for a bounce upward (as shown on my previous logarithmic chart).
There is still a potential break downward if a price drop below $175 were to occur, but if this is avoided, this might spell some really good news for Litecoin over the next couple of weeks. It is definitely something to keep an eye out for at the very least.
Bullish continuation divergence for the previous upward trend looks to be presenting itself as Litecoin looks to consistently be fighting higher lows while RSI continues to dip. If the support holds between $175 and $190 forming a wedge, and if RSI continues to drop around these price ranges (particularly to around 37), this looks like it could set up a good potential for a bounce upward (as shown on my previous logarithmic chart).
There is still a potential break downward if a price drop below $175 were to occur, but if this is avoided, this might spell some really good news for Litecoin over the next couple of weeks. It is definitely something to keep an eye out for at the very least.
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