LTCBTC Daily Longterm Chart
LTCBTC is making a massive longterm falling wedge. Now a smaller falling wedge has formed within it. Could still spend a few more weeks down here potentially, or go lower so the Fibonacci retracement is subject to change. This is one to watch for a reversal sometime soon. Selling on the Monthly chart also seems to be running out of steam, indicating potential for a reversal before the close of the next monthly candle (December). Very possible to reverse before the end of this month as well.
I would look to buy as soon as lower time frames start to turn around, or the smaller wedge makes one more bounce within the pattern.
I would look to buy as soon as lower time frames start to turn around, or the smaller wedge makes one more bounce within the pattern.
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