LTC Christmas week.
2024-12-15
Category: None

LTC like all other alts are facing an exciting week. Next week lots of financial news will come out. This decides if the liquidity will be used for crypto. Starting monday we could go back to the point where friday evening ended. So the Asian Session will decide on monday if they will place longs in de chart. Which then drive the price lower first. Or an attack will be done on the short positions of Bitcoin which are currently at 103K for BTC. Which can drive the price up first.

The proof will be there on wednesday 18th December.

I find it hard to see if longs or shorts are placed already in this consolidated part. so beware.
Look at the wicks in the candles to see where the pressure is. Selling can also be placing longs. so beware not to be squeezed out.

Merry Christmas all.