LTC bulls broke resistance, correlated with ETH, as funds from BTC find new homes.
This is not a significant breakout, and the bulls are trying to form an hourly higher low and new higher high to try and confirm they now have control of the trend and momentum.
Least attractive of the big 3 for the bulls currently. The daily chart still favors the bulls on the longer term time frame,
and the daily chart could be a bull flag before all time highs.
For this reason we must continue to watch close, as it will not take much for all time highs whereas ETH is not close.
Stop levels should be just under the lows last night before the bulls took over.
This is not a significant breakout, and the bulls are trying to form an hourly higher low and new higher high to try and confirm they now have control of the trend and momentum.
Least attractive of the big 3 for the bulls currently. The daily chart still favors the bulls on the longer term time frame,
and the daily chart could be a bull flag before all time highs.
For this reason we must continue to watch close, as it will not take much for all time highs whereas ETH is not close.
Stop levels should be just under the lows last night before the bulls took over.
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