As indicated yesterday, LTC has done a great run towards $150 and now we are consolidating at this level before we can push higher.
We have two resistance points just above us at $160 and $180. If this momentum continues I expect us to reach those levels fairly soon. However, on the 4h timeframe the indicators need a bit of cooldown, hence we may chop around these levels a bit before we can go higher.
On daily, MACD just did a positive cross, hence, I am very bullish in the next few weeks on LTC. Searching for good long entries is a good idea in this context. ETH has also pushed above its ATH level, so market is turning bullish and heated again.
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