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Litecoin & Dash Price Analysis - Reversal Starting for Litecoin?

From blokt.com

Litecoin closed last week forming a Doji candle on the weekly chart after recording three weeks of price increases. Price has had an early decline to start of this week moving down to the point where price broke down in October. Price has started reversing after forming a triple bearish divergence between the price and RSI on the daily chart. Price has since formed a lower high and has moved down near the October breakdown level at $57.49. With both the daily RSI and MACD decreasing reflecting increasing amounts of selling pressure, there is a significant chance that price could break below this level. If price ... (full story)

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  • Category: Technical Analysis