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TheChartGuys
Nov 1, 2017 11:25 AM

LTC Oversold Bounce Attempt 

Litecoin / United States DollarCoinbase

Description

After being the weakest of the big 3, a fast ETH dump has both names correlated to each other and inverse to BTC.
Bulls attempting an oversold bounce on the hourly right now though we are clearly still in a lower high lower low pattern.
Looking for the TCG indicator to see a bullish hourly cross to indicate the bulls have momentum on the bounce.
Attention on BTC for blue sky, ETH attention due to Devcon3, LTC weak and waiting for its turn.
Personally playing ETH and BTC these days as risk to reward for ETH vs. LTC favors ETH due to the conference/news factor.
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