This daily setup screams bull trade potential to me as there is a lot of space on the daily for bulls to bounce even if we do see a lower high.
We need the 4 hour trend to change for the bullish reversal candle to form on the daily, and to be our most confident in the bounce.
With so much time left today, if this is just another 4 hour lower high, we could see the lower wick disappear by the time the daily candle closes.
I have not traded LTC in a while, as ETH has a more bullish setup... but I am constantly watching for signs of the brief breaks LTC sees for short term bursts of strength to catch up to the other names.
We need the 4 hour trend to change for the bullish reversal candle to form on the daily, and to be our most confident in the bounce.
With so much time left today, if this is just another 4 hour lower high, we could see the lower wick disappear by the time the daily candle closes.
I have not traded LTC in a while, as ETH has a more bullish setup... but I am constantly watching for signs of the brief breaks LTC sees for short term bursts of strength to catch up to the other names.
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