Litecoin / BitcoinUpdated LTC Possible breakout coming
Quick look at 4h chart
-Looks like volume is stable and slowly consolidating
-Possible inverse HS awaiting completion, maybe
-Recently got a bullish crossover on the MACD, hopefully charge up that wave 3 to test the resistance line above
-if the trend breaks down through the red wedge and first green support line, expect a sell off to test the next green support line
Probable outcome with BTC on the rise...
#newb
-Looks like volume is stable and slowly consolidating
-Possible inverse HS awaiting completion, maybe
-Recently got a bullish crossover on the MACD, hopefully charge up that wave 3 to test the resistance line above
-if the trend breaks down through the red wedge and first green support line, expect a sell off to test the next green support line
Probable outcome with BTC on the rise...
#newb
Note
breakdown of the inverse HS along with falling out of the red wedge, we will now continue downward to test some support beneath represented in green lines.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.