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Litecoin Price Analysis
The price is consolidating near $50 with an immediate resistance at $51 and the 23.6% Fib retrace ment level of the last slide from the $56.54 high to $49.85 low.
Calling a short term bottom here for
Litcoin at $50.00 break that on a daily close my next buy order will be at $38.00.See blue dashed line at the low pivot from Aug 14th, and a double bottom as well.
Bollinger price clinging to 20 MA, currently looking for direction
Volatility is decreasing as bands are narrowing, expecting a big move when volatility picks up.