We are in a pattern of lower highs and lower lows on the 4 hour chart which tells us we are consolidating on the daily.
Bulls will have to see hourly higher lows and higher highs first in an attempt to change momentum back to bulls with a bullish reversal candle on the daily.
Watching oversold RSI levels for bounce opportunities, but being sure to watch the same levels on BTC as well.
The daily chart has a lot of room to work with here compared to BTC and ETH, due to the Litepay breakout.
We will be looking for the hourly trend to change to higher lows and higher highs some time in the next 24 hours,
but not forcing anything while we patiently wait. Only oversold bounces or a trend change for entries in my opinion.
Bulls will have to see hourly higher lows and higher highs first in an attempt to change momentum back to bulls with a bullish reversal candle on the daily.
Watching oversold RSI levels for bounce opportunities, but being sure to watch the same levels on BTC as well.
The daily chart has a lot of room to work with here compared to BTC and ETH, due to the Litepay breakout.
We will be looking for the hourly trend to change to higher lows and higher highs some time in the next 24 hours,
but not forcing anything while we patiently wait. Only oversold bounces or a trend change for entries in my opinion.
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