While the trend is undoubtedly bullish, $LTC has experienced some correction/consolidation over these last few days/weeks, but as we move closer to the halving event in August, demand for this assets will surely increase. I expect price to jump up the the EQ at around 1$46, which also is the previous high made on the 22nd... Once $LTC absorbs all the supply at those levels, than I see no reason why price cant reach $180 (which is a level we haven't touched since last April!
Looking at the momentum indicators, the RSI never even got close to the oversold area and the stoch is swinging back up also tells me that this break to the upside will happen sooner than later.
When I look at the 4hr time frame I see that $LTC has consolidating at the bottom of the channel for some time now... If buyers don't step in and push the price up than we could see the bears push the prices down to the previous lows of $110. So that's what I'll be looking out for
Looking at the momentum indicators, the RSI never even got close to the oversold area and the stoch is swinging back up also tells me that this break to the upside will happen sooner than later.
When I look at the 4hr time frame I see that $LTC has consolidating at the bottom of the channel for some time now... If buyers don't step in and push the price up than we could see the bears push the prices down to the previous lows of $110. So that's what I'll be looking out for