Tightening pattern at the top of a recovery bounce attempt.
Bulls need to see continuation or we will likely see a lower high, due to the fact that the higher low pattern on the hourly was broken by consolidation earlier.
Correlation strong to BTC and consolidation is seeing money flow into laggard ETH last night.
The moves in LTC hare faster and harder due to the thin nature and the small amount of dollar volume to move the price.
A higher risk/reward play compared to BTC on this consolidation.
Bulls need to see continuation or we will likely see a lower high, due to the fact that the higher low pattern on the hourly was broken by consolidation earlier.
Correlation strong to BTC and consolidation is seeing money flow into laggard ETH last night.
The moves in LTC hare faster and harder due to the thin nature and the small amount of dollar volume to move the price.
A higher risk/reward play compared to BTC on this consolidation.
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