I am still new to TA. I have been learning from others on here, who have been most helpful in teaching TA. I am definitely not an expert, but want to share the ideas I am developing.
Looking at the one hour chart, once again we see that
- Price is clearly consolidating. - Volume is dropping
Based on the MACD trajectory, we are oversold, but have an upword momentum.
This is for the LTC / USDT pair, so it is not certain if this is going to be directly due to Litecoin buys, or indirectly to an increasing BTC price while the LTC/BTC pairing holds.