Given favourable market conditions (Bitcoin bullish momentum) it is fair to expect a break to the upside for LTC. As we can see on both the 4hr and Daily chart we have an ascending triangle with higher lows. There is also a potential for an inverse H+S pattern to play out.
Hard resistance is at around $58. Buy orders can be placed above this level, buying the breakout.
Also posted are some tentative resistance lines for the upmove.
Any feedback would be greatly appreciated.
Hard resistance is at around $58. Buy orders can be placed above this level, buying the breakout.
Also posted are some tentative resistance lines for the upmove.
Any feedback would be greatly appreciated.