LTC/USD made a steep upward channel between 31/07 - 10/08 (channel 1) and followed by a correction to trendline before continuing its overall bullish trend. Now channel 2 may be re-emerging and if the pattern is repeating itself, then 47.640 may be a good place to re-enter long.
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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.