Box1515

Decision time on the 1h

COINBASE:LTCUSD   Litecoin
LTC had a good run today and it may or may not be over. We're at the bottom of the upward channel on the 1h so it's decision time for LTC. The order book is thin in both directions so it could go either way, but it's looking more likely that we'll see a break downward, especially with BTC looking like it's eager to make another run at the ATH soon. Should we drop there are some minor supports between $52-54 and strong supports in the $50-51 range.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.