An update after my last idea:
The coming hours are going to be very interesting!
You have to look closely to the chart when (if) it reaches the circle.
If ltc breaks it, we have an upward scenario following the pitchfork.
However if ltc doesn't pass it, this would confirm the descending triangle.
Be very careful and look how the market is going to react when touching the resistance!
FYI a descending triangle would take ltc back to 0.0056 while the middle of the pitchfork is around 0.011.
Happy trading!
The coming hours are going to be very interesting!
You have to look closely to the chart when (if) it reaches the circle.
If ltc breaks it, we have an upward scenario following the pitchfork.
However if ltc doesn't pass it, this would confirm the descending triangle.
Be very careful and look how the market is going to react when touching the resistance!
FYI a descending triangle would take ltc back to 0.0056 while the middle of the pitchfork is around 0.011.
Happy trading!
