Litecoin
Long

LTCUSD Bullish Symmetrical Triangle

248
Litecoin has been sort of sluggish while other alt coins started to sprint.
I think it has been in its corrective phase where the price had been converging, showing a triangle figure.
Similar to Ethereum, the low points are getting higher and the high points are getting lower forming a symmetrical triangle.
Moreover, the RSI is being strongly supported by a firm support line which is also a positive signal.
As long as both Ethereum and Litecoin pierce the hard resistance right above, this looks pretty bullish to me.

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.