LTC switched correlation last night from BTC to ETH.
We saw ETH breakout, BTC sell off and LTC break bullish as well.
Bull breaks of daily inside bars and 4 hour bars were the signals.
We will now need to see continued 4 hour higher lows and higher highs for the daily chart to continue to shift for the bulls.
We are likely to set a lower high on the daily somewhere around the $280s though we will have to continue to watch the correlations as they are ever changing.
LTC has the most ground to make up to recover, due to being the weakest link over the last 4 days.
We saw ETH breakout, BTC sell off and LTC break bullish as well.
Bull breaks of daily inside bars and 4 hour bars were the signals.
We will now need to see continued 4 hour higher lows and higher highs for the daily chart to continue to shift for the bulls.
We are likely to set a lower high on the daily somewhere around the $280s though we will have to continue to watch the correlations as they are ever changing.
LTC has the most ground to make up to recover, due to being the weakest link over the last 4 days.
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