LITECOIN & Cryptos Looking For Consolidatoin
Several of the big names have had a great last few days (i.e. Litecoin, Bitcoin Cash). We should now be seeing some consolidation as we enter the start of the week. This is ideal.
One of the things I wanted to show in this chart was a bigger view of the RSI on the daily. One of the things I've pushed before is noticing higher and higher price levels with a lowering RSI level. We're seeing this play out over the last month of trading days. Symbolically, this means the bulls are probably due for a little break here.
Most of the other cryptos don't have as great of a chart setup as Litecoin does, so it will be a lot more of a negative since there's not a higher high before consolidating more or pulling back.
We still have strong resistance at the $59 level, so there's lots of hope for consolidation.
Volumes are shrinking as well, so that makes consolidation all the more likely.
Hope you're all having a great weekend!
Thanks for posting
thanks!!
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