Alright, so LTC/USDT tested the blue resistance line. Then it dropped right through my more optimistic pitchfork and the .786 Fib line, stopping short of the 1 Fib line. I have to say, this is a really nice dip and it feels good to say that after having safeguarded against it.
MACD is making bull/bear crisscrosses in the 6 hour, but check out the 1 day chart. Here we have a more pronounced bear cross, so we may be seeing that decrease in price continue.
Even as I'm making this post it's looking like it might be dropping through that bottom Fib line.
So tonight I'll be doing more homework. I'd like to gain a better handle on all of the different fibonacci tools. Leave a comment and let me know your favorite indicators and tools! :)