LTC - Descending triangle on 4H
Symmetric triangle can be seen forming on the LTC- BTC pair which means price can break either way but LTC is also showing a bearish Descending Triangle on the LTC-USD charts.
If so then targets are to be placed at the lower support upon break.
Shorts below 59 long above 73 (incase it breaks upward).
If so then targets are to be placed at the lower support upon break.
Shorts below 59 long above 73 (incase it breaks upward).
Note
LTC hit descending triangle target perfectly :)Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.