Double Top:
During the May 6th session, litecoin completed a double top in the 1H chart after breaking the 1.40 neckline, but failed to extend beyond 1.36 before rebounding. After the intra-day price action, ltcusd tested the double top and ultimately showed respect to it as resistance after a bullish attempt retreated sharply after tagging 1.45. The 1H RSI held under 60 after tagging 30, which showed development of bearish momentum.
Litecoin (LTCUSD) […]
