Litecoin Price Technical Analysis for 9/4/2015 - Falling Channel

Litecoin Price Technical Analysis for 9/4/2015 - Falling Channel

Litecoin has been bearish this week after failing to push above 1.72. The 1H chart shows ltcusd declining within a falling channel. Litecoin (LTCUSD) 1H Chart April 9th. Also, we can see that price is now trading under the cluster of 200-, 100-, and 50-hour simple moving averages (SMAs). This represents bearish bias. However, the moving averages have been moving sideways, which means there is no prevailing downtrend in the 1H chart and this week's downswing could still be part of a sideways market. If price pulls back but holds under the 1.67-1.68 area, then we would have more evidence....


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