BTC and ETH just broke their overnight equilibrium bullish while LTC still has hourly lower highs in place.
There is a double low of support in the $144s which is a must hold level, or the lack of support underneath will shift momentum to the bears.
Bulls are trying to gain 4 hour EMA support and see the 12 period cross the 26 bullish.
This has already occurred on the other names, so again LTC is playing a bit of catch up.
The news of Gemini yesterday gave LTC very nice gains but that hype appears to have worn off a bit.
Remember how LTC sees quick bursts of bullish action that can easily fade as we have seen time and time again.
I am more likely to lock in profit on LTC quicker than others on a breakout for this reason.
Currently all cash and patient.
There is a double low of support in the $144s which is a must hold level, or the lack of support underneath will shift momentum to the bears.
Bulls are trying to gain 4 hour EMA support and see the 12 period cross the 26 bullish.
This has already occurred on the other names, so again LTC is playing a bit of catch up.
The news of Gemini yesterday gave LTC very nice gains but that hype appears to have worn off a bit.
Remember how LTC sees quick bursts of bullish action that can easily fade as we have seen time and time again.
I am more likely to lock in profit on LTC quicker than others on a breakout for this reason.
Currently all cash and patient.
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