sjb2004

LTC rebound or consolidation to come?

Long
BITFINEX:LTCUSD   Litecoin
As BTC and LTC see their second day of pullback after a near-record week of gains/volume, there is a slight gut instinct of mine that "ALT season" has llikely come to end. As such, the more established coins could see contiouing inflows in the days/weeks to come. If the bull run/pump loses fuel, I believe prices will consolodate around where they are right now. Either way, BTC, LTC, XRP are appear to have broke the bearish cycle in my belief. For LTC, price needs to bounce hard tomorrow off the .236 fib line ($86.00) for more bullish traction.
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