Futures were up the other day aswell (strongly up), and all lithium stocks had a brief rally for 1 day. This was followed by a continued decline the following day
I wouldn't trust the futures market alone (especially if it's just a one day rally, because chances are the next day it'll be down again)
Spot price is still in a downtrend and has been going down daily for quite some time:
https://www.metal.com/Lithium
Id want to see the spot price bottoming out / decline to stop, before becoming optimistic.
An increase in the spot price would be super bullish to signal a turn in sentiment. Unfortunately I don't see this happening anytime soon. I continue to monitor the space
This applies to all lithium stocks and not just LTR specifically
ASX Today, page-41235
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Last
92.0¢ |
Change
0.030(3.37%) |
Mkt cap ! $2.231B | |||
| Open | High | Low | Value | Volume |
| 89.0¢ | 92.0¢ | 87.0¢ | $8.589M | 9.604M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11000 | 91.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 92.0¢ | 458346 | 27 |
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| LTR (ASX) Chart |