Can LTC breakout of the 2.5 month downtrend resistance line?
Right now LTC is strong and bouncing off resistance of the green downtrend wedge line that represents the last 2.5 months updated with the recent breakout. It's likely to do a small correction before continuing the trend up the pink channel, but I always keep my eye out for another possible full bounce downward back deep into the green wedge. I'm hoping LTC breaks out of this green wedge and confirms this bull market is here to stay. The next few hours are going to show us exactly what LTC and this bullish push are made of. Good luck everyone.
Not a trade signal or financial advice. Just don't see many people charting the larger green wedge because of optimism for this coin. Scale down to see the entire wedge. Make sure you have stops in place in the event there is a major correction here.
Not a trade signal or financial advice. Just don't see many people charting the larger green wedge because of optimism for this coin. Scale down to see the entire wedge. Make sure you have stops in place in the event there is a major correction here.