TheChartGuys

LTC 4 hour lower high and lower low

COINBASE:LTCUSD   Litecoin
Inverse correlation to BTC last night, capturing the attention of the bulls.
Both ETH and LTC are seeing lower highs and lower lows in consolidation mode.
Not looking for any entries unless we see oversold dumps on the hourly.
The bulls need to set an hourly higher low and higher high for the bulls to be confident in a momentum shift.
Weekly equilibrium pattern still intact for the foreseeable future.
More resistance on the daily chart than ETH currently, which is another factor when comparing the two, who have been correlated for days.

Checkout our full trading resources online www.chartguys.com

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.