LTCUSD With No Trend

LTCUSD CHART PRICE – LTCUSD DAILY

Litecoins has not moved much in the last 7 sessions, the price continues to move laterally in a sign of uncertainty from the markets, the bollinger bands are very narrow indicating a consolidation in the markets, the price trades in the middle of the bands indicating that the price is where is has to be, the relative strength index is at 43% and it has remained pretty much untouched in the last 8 sessions, there is no trend right now and it might take some time before the markets make up their mind and we start having some  serious volatility for this pair, the price is getting closer to the support at 45.65 just like previous days but it has not been able to break it, we would keep an eye on this pair to try to identify a good trend, we will keep you posted 

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.