Cryptocurrencies

The Litecoin Price Action Has Got Me Interested

Litecoin has been interesting in recent moves.  It went from leading the market before the bitcoin breakout to kind of being a bit quiet in the past weeks (relative to the BTC and ETH moves) and now just when it looked like things were just muddling along we get a noticeable move today.

Thoughts of a Bullish Break flooding back in

If you look at the chart price consolidated after pulling back from the run at the 108 area.  The initial bounce following that pullback was short lived and things looked like they may turn lower or just muddle along sideways but in came some bullish today.

Where this candle closes will be telling.  Anywhere from the 100-102 area would make me feel good about a possible push higher tomorrow up and maybe through 108, given these big body candles tend to come in pairs more often than not.

Definitely some room to run if we can breach 108, but still work to do.

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