LTC/BTC Potential Channel break

Panjang

Litecoin / Bitcoin (BINANCE:LTCBTC)

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BINANCE:LTCBTC Litecoin / Bitcoin

trendanalysis chartpattern ltc ltcbtc crypto cryptocurrency cryptotrading litecoin

LTC taking it's 3rd poke at the top of this trend line/channel. If it can break it there's clear upside after sliding for months against BTC. I've marked some key levels that should provide resistance should LTC break to the upside. If you can catch a retrace to the low-mid 60000 sat range that's a good spot to buy. Otherwise we can play the breakout accordingly. The daily RSI is pretty hot right now so I would expect a retrace or at least some consolidation. A low volume pullback/bullflag will be ideal.

LTCBTC

Komen:

Bounced off the channel median line perfectly. AS long as BTC stays stable LTC should see some very nice upside.

Komen:

Clear breakout of the channel. Heading for the first area of resistance around 7900. There's a good chance this creates an Inverse H&S if it can't breach the 7700-7800 area. Something I'll keep an eye out for as the RSI is running hot on the daily right now.

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