TheChartGuys

LTC very healthy 4 hour consolidation

COINBASE:LTCUSD   Litecoin / Dollar
This is a beautiful consolidation pattern after a wayyyyy too extended blue sky bull move.
We have formed a higher low and if we see a higher high and break the first resistance depicted, we will look for the bulls to regain control back towards $400.
Bulls still in full control, and still holding the higher low from the oversold bounce yesterday.
Congrats to the dip buyers, now we need the bulls to break to a higher high.
I believe traders will flock to this play as the gains are so large with lack of resistances at all time highs.
If not in a position, patience for the break to a higher high over the top of this bounce so far.
Can you clarify what you mean by a higher high "over the top of the bounce"? Thanks! Love your youtube videos BTW!
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