Similar to BTC, the LTC bulls are trying to form a higher low and higher high on the daily chart.
The bulls are shifting momentum back in their favor and it could be marked with a daily bull MACD cross as well.
The daily MACD is what gave confidence in ETH to hold from $775 to the $900s.
Correlation to BTC still present, which is good for the bulls when BTC is making the same bull break and shift.
I currently have smaller swing positions in both LTC and BTC and will be holding them until we lose 4 hour higher lows and up trends.
Both are due for some healthy hourly consolidation after breaking out the last few hours.
Target is BTC all time high, LTC $300 but it will likely take a few days at the earliest.
The bulls are shifting momentum back in their favor and it could be marked with a daily bull MACD cross as well.
The daily MACD is what gave confidence in ETH to hold from $775 to the $900s.
Correlation to BTC still present, which is good for the bulls when BTC is making the same bull break and shift.
I currently have smaller swing positions in both LTC and BTC and will be holding them until we lose 4 hour higher lows and up trends.
Both are due for some healthy hourly consolidation after breaking out the last few hours.
Target is BTC all time high, LTC $300 but it will likely take a few days at the earliest.
Checkout our full trading resources online www.chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social