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LTC forming a bullish pattern

Panjang
COINBASE:LTCUSD   Litecoin
A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. During this formation the market is making lower highs and higher lows, neither the buyers nor the sellers are pushing the price far enough to make a clear trend. LTC is forming a bullish pattern and might clear the upper resistance and continue to grind higher. If we get a clean break, LTC could reach $200 very soon. SL should be placed just under the support. RSI & MACD both in bullish mode, which is strong sign that buyers are in control.

Penafian

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