LTC - Could be a triangle?
Ok, so between LTC, ETH and BTC, Litecoin is the one with the shyest behavior here. While BTC and ETH gave us good profits, LTC still must start a bullish trend for real.
I believe in LTC, I think it is going up, but we need more confirmation here. It didn’t even breakout the previous top yet (U$ 44.51).
I wonder if this could be a triangle (purple lines). If so, I would wait for a pullback. Triangles have a high pullback rate after a breakout (up – 62% of time / down – 65% of time), so it would be a wise and safe trade to do, especially if it does a up breakout (up breakout has a failure rate of only 25% of time).
So, work with you chances here. Be safe my friends.
I believe in LTC, I think it is going up, but we need more confirmation here. It didn’t even breakout the previous top yet (U$ 44.51).
I wonder if this could be a triangle (purple lines). If so, I would wait for a pullback. Triangles have a high pullback rate after a breakout (up – 62% of time / down – 65% of time), so it would be a wise and safe trade to do, especially if it does a up breakout (up breakout has a failure rate of only 25% of time).
So, work with you chances here. Be safe my friends.
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