Healthy consolidation overnight has the bulls looking for continuation this morning. If we fail to break resistance and instead break the low of consolidation so far, it would be a red flag for bulls. Eyes on LTC as we only need about 6-8% for a daily resistance break... BTC needs 10%. LTCBTC chart also has potential for a bull break as discussed in the most recent video. I personally am taking a break from trading today and will wait to see if we end up forming a lower high compared to $11,100, and end up with a broader daily equilibrium into next week.
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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.