Xrp has broken out of wedge, I somewhat expect LTC to follow
We're sitting on a historic LTC support/resistance. We are also coming to the end of a falling wedge. I'm expecting a long term bullish for LTC.
I'm not confident where we're going in the short term. If the support breaks we could break down pretty bad. Being in a falling wedge we'd expect a break upward, but it's going to follow the other cryptos.
The other cryptos are in falling wedges. This is a bull signal and almost always breaks upward. It also means the price will descend in the short term. LTC's wedge is coming to an end.
I'm expecting a continued downtrend to $40 and then a small breakout. Watching the oscillators for a bullish divergence.
I'm not confident where we're going in the short term. If the support breaks we could break down pretty bad. Being in a falling wedge we'd expect a break upward, but it's going to follow the other cryptos.
The other cryptos are in falling wedges. This is a bull signal and almost always breaks upward. It also means the price will descend in the short term. LTC's wedge is coming to an end.
I'm expecting a continued downtrend to $40 and then a small breakout. Watching the oscillators for a bullish divergence.
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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.