After recent drop in all altcoins, Litecoin is forming a symmetrical triangle, $48-$54 area, play the break for continuation of the move, down to $32 if we break to the downside or up to $72 if we break to the upside. We favor the upside break out as the trend in crypto is still strong and any upcoming correction of the bitcoin would fuel the rally in altcoins. Stay tuned!
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Ex-bank prop trader,23+yrs experience trading FX and Fixed income. Semi-retired now trading for the fun. Join our YouTube youtube.com/c/Tradingmarkets
Ex-bank prop trader,23+yrs experience trading FX and Fixed income. Semi-retired now trading for the fun. Join our YouTube youtube.com/c/Tradingmarkets