Watching the LTC action and comparing it to BTC and ETH, we have 3, 4 hour candles since the breakout, and LTC is the only one without continuation to higher highs on the current forming candle.
The being said by looking at the LTC/BTC chart we can see the bulls have played a bit of catch up on the % gains with this current breakout.
Note that there is the potential to pull back the hardest and fastest, like we saw after the previous top was hit, pulling back $13 in 1 candle on the 4 hour chart.
Bulls in control as long as 4 hour higher lows remain. Risk to reward does not favor bulls at these levels.
The being said by looking at the LTC/BTC chart we can see the bulls have played a bit of catch up on the % gains with this current breakout.
Note that there is the potential to pull back the hardest and fastest, like we saw after the previous top was hit, pulling back $13 in 1 candle on the 4 hour chart.
Bulls in control as long as 4 hour higher lows remain. Risk to reward does not favor bulls at these levels.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.