LTC had a good run today and it may or may not be over. We're at the bottom of the upward channel on the 1h so it's decision time for LTC. The order book is thin in both directions so it could go either way, but it's looking more likely that we'll see a break downward, especially with BTC looking like it's eager to make another run at the ATH soon. Should we drop there are some minor supports between $52-54 and strong supports in the $50-51 range.
thats what i thought too... i let some go for a better entry & now its coming back!
Box1515
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@lennyb, we're completely outside the channel at this point, but still holding the line. MACD and ADL indicate we're headed down, but RSI says oversold. At this point we have been consolidating in this very narrow range for ~5 hours so it's got to break out one way or another soon.