LTCUSD; Price below previous low rejected.

2018년 5월 19일

Also here a short-term pattern of lower highs and lows. There was no value being created once the market broke below 130,90, the previous low and a corner pattern is again seen (two arrows). Thus, one could expect similair action like last time where market can recover some losses.

Bulls have to end the lower highs/lower lows strong however to break current bearish sentiment, i.e. set a higher high which means a move above 153. For now a run at the Bollinger Bands midline can be seen (around 150).