ETH continues to guide LTC, given the recent issues with scaling leading to lower market confidence. Low volume and wedge formation means that we should observe the behaviour of the markets around midnight GMT+1. The sentiment of East Asian investors may drive a run, especially if LTC can brake the 41 USD ceiling shown by the longer trend since its ATH.
Alternatively there may be a dip which could be an opportune time to buy, especially if we fall to 34 USD.
Alternatively there may be a dip which could be an opportune time to buy, especially if we fall to 34 USD.
Comment:
Clear brake from ETH, testing downward ceiling but low volume. Good time to observe.