LTC | Poised for Continued Breakout or a Breakdown?
LTC's chart has always struck me as BTC's shadow chart because they usually look very similar and this makes sense seeing as LTC has the strongest correlation with BTC
LTC is showing a Symmetrical Triangle -- a Wedge -- moving mostly sideways right along side BTC
Upper Resistance area has been around ~$180 while the lower Support area is between ~$120 and ~$130 with a strong ~$132 Support line
LTC seems to be testing it's Support area which has held up fairly well and we could see a breakout if support holds
Interestingly, LTC seems to be forming another Ascending Triangle in the long term outside of the wedge as well
If LTC breaks down, we could retest the lower region looking to the longer term Ascending Triangle for support where ~$130 region would flip to resistance
LTC is showing a Symmetrical Triangle -- a Wedge -- moving mostly sideways right along side BTC
Upper Resistance area has been around ~$180 while the lower Support area is between ~$120 and ~$130 with a strong ~$132 Support line
LTC seems to be testing it's Support area which has held up fairly well and we could see a breakout if support holds
Interestingly, LTC seems to be forming another Ascending Triangle in the long term outside of the wedge as well
If LTC breaks down, we could retest the lower region looking to the longer term Ascending Triangle for support where ~$130 region would flip to resistance
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.