$LTC/USD builds bullish consolidation after surge off $260
A good 36 hours we've been watching this bullish consolidation structure form with test of $280, a higher low and now buyers to take on $320.
Will we have 3 topping tails on the hourly to send us back down? I'm betting not and staying long from avg $285 after cashing out $80s earlier in week.
Looking for $340-60 area, then new highs.
Only concern is nature of this new "wild west" market where many Asian players aren't regulated and could be playing games with positions to prop and dump.
Will we have 3 topping tails on the hourly to send us back down? I'm betting not and staying long from avg $285 after cashing out $80s earlier in week.
Looking for $340-60 area, then new highs.
Only concern is nature of this new "wild west" market where many Asian players aren't regulated and could be playing games with positions to prop and dump.
Trade active:
I just noticed that 8pm ET hourly bar traded 237K from $307 to $333. That's $75 million and we're still here at $320 mowing through the offers. That's bullish.