Technical :
1. Breakout on 1H and 4h DOWNTREND, suggesting buyers are gaining control.
2. Previous bearish impulse has been mitigated, suggesting sellers are no longer in full control.
3. 3x structural higher lows.
Fundamental: Due to increased unemployment, higher than expected inflation, and low retail sales. The US dollar is not really enticing for investors. This is leading to a rally in alternative investments such as crypto markets and precious metals.
Hypothesis: We could be looking towards more bullish momentum for LTC if we can turn the 149 area into a support zone, potentially leading us to previous highs in the 160s.
1. Breakout on 1H and 4h DOWNTREND, suggesting buyers are gaining control.
2. Previous bearish impulse has been mitigated, suggesting sellers are no longer in full control.
3. 3x structural higher lows.
Fundamental: Due to increased unemployment, higher than expected inflation, and low retail sales. The US dollar is not really enticing for investors. This is leading to a rally in alternative investments such as crypto markets and precious metals.
Hypothesis: We could be looking towards more bullish momentum for LTC if we can turn the 149 area into a support zone, potentially leading us to previous highs in the 160s.