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Is $LTC actually setting up for a move or is this just another fakeout?
Looking at the daily, we’ve been bouncing around this 53 to 55 range for a while now. Every time we try to push past 56, the sellers step in and hammer it back down. But if you look closely at the lows, they’re getting slightly higher each time.
The volume is pretty average right now, which tells me big money is still undecided. The order book is slightly leaning green at 54.61, but we need a solid daily close above 57 to actually start feeling bullish.
Until we break this choppy sideways movement, I’m just watching the 53 support like a hawk. If that breaks, things could get ugly fast. If we hold, we might finally see 60 again. Stay sharp.
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