TheChartGuys

LTC Double Top and Pullback

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC rejected from the high of the bounce, and pulled back losing hourly higher lows.
The video yesterday described what is likely to happen for the consolidation on the daily and higher low to form.
This is step #1 and now we watch to see if the 4 hour higher lows can hold.
Lose 4 hour higher lows and we know to be more patient waiting for the shift of momentum back to the bulls.
LTC continues to be the weakest of the big 3 and is off my radar for bullish plays for the foreseeable future unless news changes things.
Watching for BTC             hourly RSI to get oversold for the next bounce attempt but at this point the last days have been so profitable,
I will continue to wait for trades to come to me very patiently waiting.
LTC We're looking for $92 as posted over a month ago - we'll see.
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