After dropping to a lower low, bulls bounced back to the original tops and are currently trying to break the lower high pattern.
On the daily chart this is currently seen as a bullish reversal candle off EMA12 support.
Bulls are hoping for a strong close of this candle, but keep in mind we will need a 4H higher low and HH to change the trend back to bulls.
LTC ended up with a nice double bottom at the lows, and it and ETH are testing their resistances as well.
We get a lot of information judging what consolidation looks like and if that is it and the bulls resume a 4 hour uptrend from here, it is very favorable for bulls.
Bears will be scouting entries on daily lower highs, using recent tops as stop levels.
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