Similar to BTC, LTC bulls are at a point that is an ideal hold for the daily higher low of consolidation.
If we lose these 4 hour supports it is certainly not game over for bulls, but it will be a set back,
which will make the odds of daily bounce continuation less likely.
Very strong correlation to BTC that needs to see a higher low and higher high on the 4 hour before the bulls can have confidence.
Volume continues to drop off, keep an eye on volume which continues to drop off.
A volume spike on the 4 hour at some point today will indicate short term momentum into the weekend.
If we lose these 4 hour supports it is certainly not game over for bulls, but it will be a set back,
which will make the odds of daily bounce continuation less likely.
Very strong correlation to BTC that needs to see a higher low and higher high on the 4 hour before the bulls can have confidence.
Volume continues to drop off, keep an eye on volume which continues to drop off.
A volume spike on the 4 hour at some point today will indicate short term momentum into the weekend.
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