B173

Litecoin - Setting up or breaking down?

BITTREX:LTCUSDT   Litecoin / Tether
LTC has been correcting for some time, it seems to be almost in sync with Bitcoin             in its correction. The symmetrical pattern that it has been putting in could go either way. The chart shows that, while litecoin is in a symmetrical pattern, it could be setting up a bear flag . I would not be taking a long position at this point, rather playing the trades between the obvious support and resistance levels. I have confidence that LTC will eventually continue on its upward trajectory and will continue to monitor it throughout the coming weeks. A break to the downside could offer some lucrative buying opportunities.
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