With BTC reaching the area of resistance it should get pushed down from, LTC is itself is holding over a support with lack of positive momentum. The candle developing on the 1H chart will be a signal for us. We really don’t want to see a shooting star/gravestone . Bearish divergences and a rising wedge/channel. Not what we want for continued movement up. A break of $75 is really needed. If $70 is broken we will most likely see $67 quickly there after.
Note
consolidation over critical support! rejection from 0.886 or push through?
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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.