nagihatoum

LTC in an ascending triangle

Long
nagihatoum Updated   
BITFINEX:LTCUSD   Litecoin
Reached the 4H ichi cloud. Penetration of the cloud is bullish. Otherwise a rejection will take price to $22.

MACD and RSI are on the long side. Break up target of the triangle is $54.
Comment:
reached top of the cloud and 0.5 retracement level, here is heavy resistance.
Comment:
false breakout, most probably will break down to 22.

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