The MACD indicates increasing bearish market momentum. The RSI indicator is trending around 44.25. LTC/USD had a bullish start this Wednesday, following two straight bearish days going up from $55.10 to $56. The price is currently sandwiched between the lower Bollinger curve and the 50-day Simple Moving Average (SMA 50). The hourly breakdown of Tuesday and Wednesday shows us that the price was trending horizontally for a bit before it immediately dropped from $56.20 to $54.50 in five hours. After finding intraday support at $54.50, LTC/USD spiked up to $56. LTC/USD daily chart The price is floating below the SMA 20, SMA 50 and SMA 200 curves. The 20-day Bollinger jaw has widened, indicating increasing price volatility. The Moving Average Convergence/Divergence (MACD) indicates growing bearish market momentum and the Elliott Oscillator has had seven straight red sessions. The Relative Strength Index (RSI) indicator is trending around 44.25. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold technical analysis: $1,475 continues to cap upside FX Street 3 years The MACD indicates increasing bearish market momentum. The RSI indicator is trending around 44.25. LTC/USD had a bullish start this Wednesday, following two straight bearish days going up from $55.10 to $56. The price is currently sandwiched between the lower Bollinger curve and the 50-day Simple Moving Average (SMA 50). The hourly breakdown of Tuesday and Wednesday shows us that the price was trending horizontally for a bit before it immediately dropped from $56.20 to $54.50 in five hours. After finding intraday support at $54.50, LTC/USD spiked up to $56. LTC/USD daily chart The price is floating below the SMA… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
