nagihatoum

LTC possible bounce back to $82

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BITFINEX:LTCUSD   Litecoin
price supported by the 4H 200 ema. On the daily RSI and Stoch found support. Last time RSI and Stoch found support, price bounced. But I doubt that the $84.5 resistance can be reached or broken. $84.5 happens to be the weekly Ichimoku cloud bottom. It was clearly rejected by the weekly Ichimoku cloud and price remains under it which is bearish. Price also peeled away from the weekly Bollinger band and seems heading to test the BB mid-line or further down at around $40.

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