Price action has played out, but the daily candle has turned out to be 'not perfect' - so is less reliable. Maybe we simply have an oversold divergent bounce? I feel this needs some good news (either Chinese or ETP).
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Looks like BTC will drop soon ... so maybe LTC will become a hedge, or not drop so fast? We approach a supply zone for this pair and indicators have been showing repeated potential price flips and exhaustion.
What I do not quite like about this approaching supply zone is that it a very stable one. Those somewhat lower are more unbalanced - so possibly this will ...