While BTC and ETH continue higher lows and higher highs on the 4 hour chart over the past couple days,
LTC continues to consolidate in a tightening range forming daily inside bars.
We should see a break sometime in the next 24 hours from this range to indicate short term direction.
It is also notable that LTC hit the daily EMA 12 resistance first and this could be leading to the slowdown by the bulls and the inability to follow the others.
Clearly the weakest of the 3 currently. There is a lack of resistance if the bulls can get over $125.25.
I am keeping an eye on LTC knowing some day, it will be a good trade option vs. the others again.
LTC continues to consolidate in a tightening range forming daily inside bars.
We should see a break sometime in the next 24 hours from this range to indicate short term direction.
It is also notable that LTC hit the daily EMA 12 resistance first and this could be leading to the slowdown by the bulls and the inability to follow the others.
Clearly the weakest of the 3 currently. There is a lack of resistance if the bulls can get over $125.25.
I am keeping an eye on LTC knowing some day, it will be a good trade option vs. the others again.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.