This is a follow-up for the LTC daily chart I published earlier. Marked with yellow are is the point at which we are now on the daily timeframe.
At the beginning of May RSI accelerated with a breakout from the descending trendline (blue & marked with green arrow).
A week later RSI broke down at the same place, with the price around $30.
Tried to move above with a bounce from the line (red circle), and is now back at the same point. So, in order to see price acceleration, RSI has to break the teal line again and STAY above it.
At the beginning of May RSI accelerated with a breakout from the descending trendline (blue & marked with green arrow).
A week later RSI broke down at the same place, with the price around $30.
Tried to move above with a bounce from the line (red circle), and is now back at the same point. So, in order to see price acceleration, RSI has to break the teal line again and STAY above it.
