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  • LTC/USD daily chart was able to re-enter the 20-day Bollinger Band.
  • The MACD and Elliott Oscillator show increasing bearish momentum.

LTC/USD daily chart

LTC/USD daily chart

LTC/USD bulls were able to bounce up from the $60 support level to go up to $60.30. The price is trending above SMA 200 and below the SMA 20 and SMA 50 curves. XRP/USD re-entered the 20-day Bollinger Band, indicating that the asset is no longer underpriced. Both the MACD and Elliott Oscillator show increasing bearish market sentiment as the price consolidates in a flag formation. The bulls must continue to defend the $60-line and the SMA 200 curve to ensure that the price doesn’t fall anymore.