LTCUSD; Hammer at low end bullchannel?
A dark cloud cover ended a 3 day rise and market almost gave gains away again.
Today's session sees a potential hammer on the daily chart (have to wait for 0:00 print) but if so, the low end of a bull-channel sees bulls stepping in again. With the RSI at neutral levels and potentially keeping a close above the Bollinger midline the short-term higher high/higher low pattern is implies to keep up.
If so, one should expect market to create a higher high after, i.e. a further step toward the better resistance around 208.
A break below 139 implies the bullish pattern to end.
Today's session sees a potential hammer on the daily chart (have to wait for 0:00 print) but if so, the low end of a bull-channel sees bulls stepping in again. With the RSI at neutral levels and potentially keeping a close above the Bollinger midline the short-term higher high/higher low pattern is implies to keep up.
If so, one should expect market to create a higher high after, i.e. a further step toward the better resistance around 208.
A break below 139 implies the bullish pattern to end.
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