$LTC is up 3.0% in 24h and still down 6.50% on the week, and that's a bounce I'd rather buy than chase.
It's +22.12% over 30 days, 13.2 points ahead of BTC across that window. The week cost it 4.6 points against BTC, which reads to me as a pullback inside a bigger move.
The screener scores the long 10 out of 14. Daily RSI is 54, mid-range with room to run. The soft spots are real: volume over the last 5 days is 0.41x the 20 days before it, and the daily MACD histogram is still negative. So I'm calling a push to the 20-day mean, not a breakout.
$LTC trades at $65.46 right now, inside a 24h range of $63.39 to $65.62. If it holds the daily EMA20 at $65.3247, I think it walks up to $67.9285, about 3.7% away. If it loses $65.3247, I'm wrong on this and there's nothing to defend. Anyone long from here would be giving back the whole day's bounce, with the 24h low of $63.39 as the next stop.
Holding $65.32 or losing it?
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It's +22.12% over 30 days, 13.2 points ahead of BTC across that window. The week cost it 4.6 points against BTC, which reads to me as a pullback inside a bigger move.
The screener scores the long 10 out of 14. Daily RSI is 54, mid-range with room to run. The soft spots are real: volume over the last 5 days is 0.41x the 20 days before it, and the daily MACD histogram is still negative. So I'm calling a push to the 20-day mean, not a breakout.
$LTC trades at $65.46 right now, inside a 24h range of $63.39 to $65.62. If it holds the daily EMA20 at $65.3247, I think it walks up to $67.9285, about 3.7% away. If it loses $65.3247, I'm wrong on this and there's nothing to defend. Anyone long from here would be giving back the whole day's bounce, with the 24h low of $63.39 as the next stop.
Holding $65.32 or losing it?
follow me for more calls like this.