Some (probably false) [h]opium for litecoin bagholders

1st black striped line; must break $127 today (27-05) for reversal.

1st dotted blue line; must break 125 (28-05) for reversal.

2nd black striped line; must break 122 (29-05) for reversal.

2nd dotted blue line; must break 120 (30-05) for reversal.

3rd striped black line; must break 118 (31-05) for reversal.

The longer this pattern continues, the lower the resistance (but also support) that needs to be broken/can fall.

Comentário:

Yesterday's daily close (candle) looks like a doji, which usually indicates reversal. We bounced off support today. StochRSI and RSI declining further (oversold), while volume seems to be increasing a bit.

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So we broke above the plotted 2nd dotted blue line, broke 120 (resistance line 30-05). However, the daily must CLOSE above resistance (120) for it to be confirmed.

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Today also failed to break above 118. However, it looks like today closed with a doji candle, which is bullish!

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So we broke up. Buying now is highly recommended.