Watching the LTC action and comparing it to BTC and ETH, we have 3, 4 hour candles since the breakout, and LTC is the only one without continuation to higher highs on the current forming candle.
The being said by looking at the LTC/BTC chart we can see the bulls have played a bit of catch up on the % gains with this current breakout.
Note that there is the potential to pull back the hardest and fastest, like we saw after the previous top was hit, pulling back $13 in 1 candle on the 4 hour chart.
Bulls in control as long as 4 hour higher lows remain. Risk to reward does not favor bulls at these levels.
The being said by looking at the LTC/BTC chart we can see the bulls have played a bit of catch up on the % gains with this current breakout.
Note that there is the potential to pull back the hardest and fastest, like we saw after the previous top was hit, pulling back $13 in 1 candle on the 4 hour chart.
Bulls in control as long as 4 hour higher lows remain. Risk to reward does not favor bulls at these levels.
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