In this 15-minute chart of Litecoin/ British pound (LTC/GBP), there is an appreciating range from 32.88 to 37.05.
This is followed by a depreciating range from 36.81 to 36.34.
We can see that during the depreciation, the market appreciated higher to the 36.65 level (identified by the red down arrow), just above the 36.63046 area that represents the 61.8% retracement of the depreciating range.
We can see the market then depreciated to the 35.66 level, including below the 36.06588 area that represents the 23.6% retracement of the appreciating range.
Using RSI, we can see that RSI Average (3) is above RSI (14) after the pair appreciated to the 36.65 level and that both have negative slopes until the slope of RSI (14) turned positive when the pair traded around 35.70.
Using Slow Stochastics, we can see the slope of Stochastic K turned negative before the pair appreciated to the 36.65 level, and we can see Stochastics D bearishly crossed above Stochastics K after the pair appreciated to the 36.65 level. We can see that both Stochastics D and Stochastics K continue to have a negative downward slope.
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