$LTC this morning saw a continuous surge with expanding volume; after noon, the four consecutive hourly candles still held within the high-level consolidation zone. What’s even more worth watching is the continuation opportunity after consolidation—not chasing the just-broken intraday new highs.
On Binance spot from 10:00 to 12:00, prices closed higher continuously and volume increased hour by hour; from 13:00 to 16:00, the volume each hour stayed lower than at 12:00, and the pullback has not yet absorbed the morning’s gains. This is the basis for a bullish read, but it doesn’t mean the uptrend has already restarted.
After pushing to 69.55 at 16:00, it closed at 68.43, indicating there is still selling pressure near the upper edge. First, watch whether the consolidation low formed at 13:00—66.81—can continue to hold; later, if hourly candles show expansion in volume and close above 69.55, the evidence for continuation will be stronger. If an hourly close breaks below 66.81, cancel this round of the “high-level support/continuation” view, and don’t explain any drop back as just a shakeout.
Open the LTC spot 1-hour chart and track these two conditions only. The broader market is concurrently weaker, and even independent strength could get interrupted.
Source: Binance spot; collected at 17:03 on Sep 24 (UTC+8), and the 17:00 candle has not closed.
https://www.binance.com/en/trade/LTC_USDT?type=spot
On Binance spot from 10:00 to 12:00, prices closed higher continuously and volume increased hour by hour; from 13:00 to 16:00, the volume each hour stayed lower than at 12:00, and the pullback has not yet absorbed the morning’s gains. This is the basis for a bullish read, but it doesn’t mean the uptrend has already restarted.
After pushing to 69.55 at 16:00, it closed at 68.43, indicating there is still selling pressure near the upper edge. First, watch whether the consolidation low formed at 13:00—66.81—can continue to hold; later, if hourly candles show expansion in volume and close above 69.55, the evidence for continuation will be stronger. If an hourly close breaks below 66.81, cancel this round of the “high-level support/continuation” view, and don’t explain any drop back as just a shakeout.
Open the LTC spot 1-hour chart and track these two conditions only. The broader market is concurrently weaker, and even independent strength could get interrupted.
Source: Binance spot; collected at 17:03 on Sep 24 (UTC+8), and the 17:00 candle has not closed.
https://www.binance.com/en/trade/LTC_USDT?type=spot
