After an overbought huge run following a Charlie Lee tweet about the lightning network, we saw healthy consolidation overnight.
For the bulls to show back up, we are looking for a higher low to be set here on the hourly, followed by a higher high and a move back towards $70.
We made a very significant break on the weekly to a higher high, and have little resistance heading back towards the all time highs.
Clear stop level below the low of consolidation for any entry points.
Battle with BTC for attention with both so strong the last two days. Caution as bearish BTC dumps, though quick, still affect LTC correlation.
For the bulls to show back up, we are looking for a higher low to be set here on the hourly, followed by a higher high and a move back towards $70.
We made a very significant break on the weekly to a higher high, and have little resistance heading back towards the all time highs.
Clear stop level below the low of consolidation for any entry points.
Battle with BTC for attention with both so strong the last two days. Caution as bearish BTC dumps, though quick, still affect LTC correlation.
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