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PRICE ACTION LTC, which is normally a leader in this cycle, is sitting – waiting – for someone else to make a decision. After a strong 2.88% bounce on the 4H chart, most of that move has fallen away over the last 20 hours, due to a lack of volume. The 1D chart is, however, showing a green candle which should excite bulls after most of this week being bearish. These bulls need to remain cautious though as the 1D RSI is only just coming back off the boiling hot 86 peaks from last week. Look for a 4H or higher TF close below $85 to confirm the bearish sentiment. OPEN INTERESTS (BITFINEX) Long: 1.29 Days Short: 0.64 Days RELATIVE STRENGTHS Micro (5m): Flat Short Term (4h): Hidden Bullish Mid Term (1D): Overbought Macro (1W): Strong ON BALANCE VOLUME Mid Term (1D): Higher Macro (1W): ATH KEY PRICE AREAS Resistance: 100, 145, 175 Support: 80, 69 (52W MA), 69 (28D MA) PREVIOUS ANALYSIS 2019-04-09 2019-04-08 2019-04-07 2019-03-18 2019-03-16



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PRICE ACTION LTC closed below the bearish threshold in a big way; down over 10% at time of publishing. Unless a lot of bullish capital comes in over the next 90 minutes; the current price also invalidates the hidden bullish divergence that was forming on the 4H chart. Looking at the 1W chart, it shows that this $75-$80 range was supportive for a few weeks back in June 2018. However, looking at the weekly volume; it is reasonable to believe that bears have not put a lot of force into turning the price (yet...?). If this current area fails; look for support @ $70 which is currently where the 28D MA is; and closely below is the 52W MA @ $68. This area also acted as resistance in September 2018; so it will be interesting to see whether it returns to a support role on any future test. OPEN INTERESTS (BITFINEX) Long: 1.36 Days Short: 0.65 Days RELATIVE STRENGTHS Micro (5m): Weak Short Term (4h): Weak Mid Term (1D): Weakening Macro (1W): Weakening ON BALANCE VOLUME Mid Term (1D): Higher Macro (1W): ATH KEY PRICE AREAS Resistance: 100, 145, 175 Support: 80, 70 (28D MA), 68 (52W MA) PREVIOUS ANALYSIS 2019-04-10 2019-04-09 2019-04-08 2019-04-07 2019-03-18

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LTC is getting stronger compare to EOS

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support zone for LTC/ETH LTC is stronger than ETH since 2018 Feb

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