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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Daily downtrend since Sep 26, falling — the last lower high is 62.41
The setup is clearly bearish while LTC stays under 55.59: lower highs and lower lows, price at the bottom of the run.
Backing it: on the daily chart, each peak and each dip has been lower than the last, the indicators favour the sellers' side and the weekly chart is down.
Price is under the 50-day average (61.69). It is under the 200-day average (52.13).
The last 5 days are down 2.9%, nearly every high lower than the one before.
Price is 17.2% under 62.41, the last lower high, and 1.1% over 51.10, the trend's low.
What kills the setup: a daily close over 55.59, 7.1% away.
For it: The trend has real strength, with the sellers in control; price is under the average price buyers have paid since the 42.92 low, 56.43, so those buyers are losing money.
Against it: nothing on the chart right now.
While LTC stays under 55.59 the setup stays bearish; 51.10 is the next line it has to break.
A 1D close above 55.59 ends the downtrend pressing its lows; no tested level above it on this chart — the next round number is 60.00.
A 1D close below 51.10 carries the downtrend past its last low; the next level down is 50.14.
51.10 is where buyers keep showing up: it held 6 of 10 visits — a heavy volume shelf, 1.6× the volume of an average price band on this chart.
62.41 is the ceiling — the last lower high (Oct 21) — the line the downtrend stays under.
LTC has been in a downtrend since Sep 26: its lows have stepped down (65.65, then 56.70, then 51.10), and so have its highs (75.00, then 72.28, then 62.41). Price is 1.1% over the trend's low, 51.10 (Nov 5). The last lower high is 62.41 (Oct 21), 17.2% above price; no daily close has gone over it.
The weekly picture: a weekly downtrend, 88% under the all-time high; on the daily, price is above the 200-day average (52.13), and the 50-day average is above the 200-day average. The daily trend goes the same way as the weekly.
Against BTC: over the last 5 daily candles LTC moved -2.9% and BTC -1.2% — LTC is the weaker chart.
Sellers have had the daily since Sep 26: each bounce has been sold lower than the last, and no daily close has cleared a lower high.
The rest of the chart backs the downtrend. The trend has real strength, with the sellers in control. Price is under the average price buyers have paid since the 42.92 low, 56.43, so those buyers are losing money.
| Level | Price | From price | Role |
|---|---|---|---|
| Resistance | 62.41 | +20.8% | sr, eq liq |
| Read ceiling | 62.41 | +20.8% | read edge |
| Swing high | 61.69 | +19.3% | swing, read |
| Swing high | 60.00 | +15.8% | swing, read |
| Swing high | 55.59 | +7.3% | swing, read |
| Golden pocket | 54.79 | +6.1% | golden pocket, swing |
| Fib retracement | 54.09 | +4.7% | fib, sr |
| Fib retracement | 53.38 | +3.3% | fib, sr |
| Golden pocket | 52.93 | +2.5% | golden pocket, order block |
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