Elliott Oscillator shows four straight bearish sessions. RSI indicator is creeping next to the oversold zone. LTC/USD is on course for charting three bearish days in a row. The price met resistance at $57.10 three days back and has been trending downwards ever since. Yesterday, LTC/USD fell from $54.65 to $52.60 and has gone down to $51.70 so far today. The price is trending below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. The hourly chart shows us that LTC/USD struggled to break past resistance at $55.15 before dropping down from $54.85 to $52.15 in just five hours. The price then trended horizontally for a bit before falling to $51.70. LTC/USD daily chart LTC/USD has peeked below the 20-day Bollinger Band, which is a very bearish sign. The Bollinger jaw has also constricted considerably, indicating decreasing market volatility. The Moving Average Convergence/Divergence (MACD) indicator shows decreasing bullish momentum. The Elliott Oscillator shows four straight bearish sessions, while the Relative Strength Index (RSI) indicator is creeping next to the oversold zone. 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 Asian stocks await fresh catalysts for further moves FX Street 4 years Elliott Oscillator shows four straight bearish sessions. RSI indicator is creeping next to the oversold zone. LTC/USD is on course for charting three bearish days in a row. The price met resistance at $57.10 three days back and has been trending downwards ever since. Yesterday, LTC/USD fell from $54.65 to $52.60 and has gone down to $51.70 so far today. The price is trending below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. The hourly chart shows us that LTC/USD struggled to break past resistance at $55.15 before dropping down from $54.85 to $52.15 in… 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.
