LTC Hourly inside bars forming after a dump correlated to BTC bear break (see the video last night on youtube) We have a massive support wall on LTC at $340 which led me to buy in at $340.01, with a plan to exit if this wall begins to fall, only to re-enter on another flush down. At this point comfortable in the trade and patiently waiting for BTC to show signs that the bottom is in for the morning. Hourly higher lows have been lost so we will expect a lower high to form on this bounce. I personally have a target on this trade of $12+ before I start scaling out. The break of the hourly inside bar will determine which has momentum on their side this morning as the Eastern US wakes up. Congrats to the bulls last night, and the higher risk/reward traders look to LTC to see bigger returns on bounces. Always watching ETH and BTC correlation.
LTC is long time overbought. Additionally Christmastime (traditional rallies end). And I see in your chart a developing bearish shs. MACD and StochRSI show not so clear a divergence. Hope I´m wrong, as I have some LTCs :)