After pulling back all yesterday from a breakout, the bulls are looking to hold $51.60 support and form a higher low just above it.
With a bullish reversal doji forming on the 4 hour chart, it will be up to the bulls to confirm this reversal candle and try to see the trend change back in their favor this morning.
The daily chart is still in a tightening pattern of lower highs, and as we have seen with BTC and ETH, bull breaks on the daily chart have lead to solid follow through.
Bull moves are quick and higher %, with LTC favoring "flipping" more than the other two BIG 3 recently.
With a bullish reversal doji forming on the 4 hour chart, it will be up to the bulls to confirm this reversal candle and try to see the trend change back in their favor this morning.
The daily chart is still in a tightening pattern of lower highs, and as we have seen with BTC and ETH, bull breaks on the daily chart have lead to solid follow through.
Bull moves are quick and higher %, with LTC favoring "flipping" more than the other two BIG 3 recently.
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