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Not much history on this BCHABC chart, but it's clearly in a high time frame uptrend.
This daily resistance has been tested multiple times and should break soon, followed by another consolidation, then a break out past previous highs!
Taking a look at some large caps to gauge the current market.
LTC is at the BTC equivalent of $6-7k right now yet to break out.
BTC was able to break out of its resistance but will LTC be able to?
Honestly not sure at this moment, but this definitely isn't a place to long LTC.
Wait and see if it is able to flip the resistance into massive support!
BTC is consolidating in a macro range.
Now that it has pumped back into the range from 3k, a similar deviation can be expected to the high around $14-15k.
The price will go to both extremes of the range to punish those who don't adapt.