LTC has been trading in this bullish channel since the start of 2021, seeing almost 300% gains during that period.
Clearly, every time that either the resistance or support of the channel is hit, the price reverses the other way. Since LTC is currently consolidating after the channel resistance is hit, I wouldn't be surprised if the price were to fall towards the channel support.
Wait for confirmation before entering a trade.
Happy trading!
Clearly, every time that either the resistance or support of the channel is hit, the price reverses the other way. Since LTC is currently consolidating after the channel resistance is hit, I wouldn't be surprised if the price were to fall towards the channel support.
Wait for confirmation before entering a trade.
Happy trading!
Nota
Trade cancelled before entry
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