After bulls led BTC breaking the daily lower highs yesterday, they stalled out and were unable to keep the advantage. We have not broken the top of the daily bull move yet, which ETH broke 10% ago and BTC broke last night. I personally have not looked back at LTC after my initial trade, and will continue to stick with lead bull ETH for that reason. The moves in LTC come quick and lead to consolidation fairly quickly, and I find myself in another situation not having any interest in LTC bullish at this point. Multiple hourly inside bars to be watching for a break this morning and short term direction. Crypto market bulls still have the odds in their favor for continuation this morning.
TCG alert triggered about an hour ago...LTC 20% price shear on the daily! BTC and ETH Bull runs= LTC saying "WAIT GUYS, ME TOO!" 177/LTC
TheGush
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I agree, LTC is a short bull burst then long consolidation period. While the potential % gains may be greater based on ATH’s, I think we will take longer to get there. While I wait patiently for LTC to exit yet another consolidation, ETH has taken off and has not stopped. Wish I had put more in ETH this time. I should have known that the harder the fall, the more spectacular the rise, esp of such a strong coin as ETH.
Ragnar_Dragneff
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georgel17
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thank you for such great technical analysis,which service do you use for purchasing..coin-base has no buy/sell stops.