Short

LTCUSD | Equilibrium needed, ascending triangle may form.

Updated

LTCUSD Coiinbse | Equilibrium needed, play the support line of 182.7 and the resistance of the ascending triangle at 189.9

I'll try to remember to close this trade once it is invalidated.

Comment

With the time horizon within this triangle, I think there's a higher chance of a breakdown of the blue trendline in order to reach the green support than there is of bouncing from the blue trendline to break resistance. But what really matters is reacting to the resistance break or for an oversold bounce, executing, and placing the stop close behind. (For educational purposes only).

RotiWokeman

Related publications

Watchlist Update 25 (Vid) | BTC, LTC, XMR (Bounce coming?)

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.