Litecoin is digital paint drying right now...
PRICE ACTION
It is really hard to be inspired to a bullish argument when you look at the volume on the 4H chart. After 11 hours of trade on the daily; we are just 16.5% of the total volume of yesterday. Whoever slept in, they need to wake up and get back to their desk soon...
The 5m chart is at least trying to do something to make this exciting; we higher lows being formed on RSI over the last 24 hours; and we can see that price as been tracking up in the process.
Hopefully tomorrow is at least interesting.
OPEN INTERESTS (BITFINEX)
Long: 1.54 Days
Short: 0.67 Days
RELATIVE STRENGTHS
ON BALANCE VOLUME
KEY PRICE AREAS
Resistance: 79 (28D MA), 85, 100
Support: 65 (52W MA), 60 (13W MA), 53
PREVIOUS ANALYSIS
It is really hard to be inspired to a bullish argument when you look at the volume on the 4H chart. After 11 hours of trade on the daily; we are just 16.5% of the total volume of yesterday. Whoever slept in, they need to wake up and get back to their desk soon...
The 5m chart is at least trying to do something to make this exciting; we higher lows being formed on RSI over the last 24 hours; and we can see that price as been tracking up in the process.
Hopefully tomorrow is at least interesting.
OPEN INTERESTS (BITFINEX)
Long: 1.54 Days
Short: 0.67 Days
RELATIVE STRENGTHS
- Micro (5m): Higher Lows
- Short Term (4h): Weak
- Mid Term (1D): Lower Low
- Macro (1W): Weakening
ON BALANCE VOLUME
- Mid Term (1D): Weakening
- Macro (1W): Weakening
KEY PRICE AREAS
Resistance: 79 (28D MA), 85, 100
Support: 65 (52W MA), 60 (13W MA), 53
PREVIOUS ANALYSIS
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.