LTCUSD - 1D Chart Analysis
As we already know from the previous months, the aggressive movements of the prices are followed by some long intervals in which the movements are sideways but not necessarily big enough to be considered short term investing opportunities.
Overall, we can see how the bearish trend has started on the 10th of November once the price has crossed the 20 days Moving Average and since then it also had two slight attempts to return but both have failed.
From the technical perspective, the RSI and the Stochastic have "oversold" positions already for some time and the MACD has just registered a slight cross over the Signal.
But maybe it is too early to consider a "correction" of the price, like the one between the 25th of November and the 2nd of December, as the trading volumes are still very low.
If the fundamentals aspects will delay to appear, the chances for the price to "test" the level of 20$ are considerably increasing
Overall, we can see how the bearish trend has started on the 10th of November once the price has crossed the 20 days Moving Average and since then it also had two slight attempts to return but both have failed.
From the technical perspective, the RSI and the Stochastic have "oversold" positions already for some time and the MACD has just registered a slight cross over the Signal.
But maybe it is too early to consider a "correction" of the price, like the one between the 25th of November and the 2nd of December, as the trading volumes are still very low.
If the fundamentals aspects will delay to appear, the chances for the price to "test" the level of 20$ are considerably increasing
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