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RE: Litecoin Ignites Vertical for the Moon But Running Out of Energy
An 18 point run from $80 (what is that 23%) on the four hour chart was too much for LTC. It is tired....I expect some consolidation to take place here.
I agree...I am wouldnt buy until it crosses through $100 with some momentum....it might waffle from $85-$92 or it might pull back more.
I dont think the bears are in control but I do believe the bull needs a rest.
there's going to be major consolidation at this level for a decent amount of time. I think all the new money is already in. Unless there's a huge influx of people dumb enough to buy in these conditions, it'll come down and consolidate a little. Like I mentioned, support isn't until low $60s.