Wooof! LTC just can’t catch a break. It looked like it wanted to go bullish a while ago and then got rejected by the cloud. A couple more upside rejections later and kabam, it’s down in the danger zone again. I personally almost never trade LTC, but get requests to chart it often.
The chart above is Bitfinex and I have clearly labeled the area’s of interest. On BTC-e the bull breakout level is still 0.00808 which it has tested many times but not broken. The general vibe we are seeing is short the breakdown and long the breakout into the Ichimolu Cloud. There are far too many bull markets out the to be bothered with the range trade being provided on the chart.
Chart is powered by the SCMR Analysis Suite on Tradingview.com