Most people are staring at $BTC while this setup is quietly brewing in the background.
$LTC has been in a rough downtrend for a while now, basically sliding since it was up near $80. But if you look at the daily chart, it’s finally starting to flatten out and build a base around the $51 to $54 range. It’s not a moon mission yet, but it’s definitely stopped the bleeding. The order book is leaning toward the buyers at 57% and we just saw a decent green candle push us back toward $55. If we can break and hold above the $59 resistance, things could actually get interesting again. Until then, it's just a range bound chop between $51 and $55. Volume is still pretty low at 16M USDT, so I’m not expecting any crazy volatility today, just watching to see if this floor holds.
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Most people are staring at $BTC while this setup is quietly brewing in the background.
$LTC has been in a rough downtrend for a while now, basically sliding since it was up near $80. But if you look at the daily chart, it’s finally starting to flatten out and build a base around the $51 to $54 range. It’s not a moon mission yet, but it’s definitely stopped the bleeding.
The order book is leaning toward the buyers at 57% and we just saw a decent green candle push us back toward $55. If we can break and hold above the $59 resistance, things could actually get interesting again. Until then, it's just a range bound chop between $51 and $55.
Volume is still pretty low at 16M USDT, so I’m not expecting any crazy volatility today, just watching to see if this floor holds.
#DeepCreationCamp