LTC chart is in accumulating phase as a preparation for next move, check the area between lines that is the phase LTC needs before the break out, We might see LTC above that area and moving up.
A little bit ago i posted my predictions/ Mirror chart for Litecoin and have let some candles catch up to see how it was playing out. I noticed that we are actually almost perfectly following the mirrored candles but not at the same price levels we are actually following the pattern above previous price action. So if we continue to see this play out our huge move...
LTC could not breach the resistance at $58 for the 3rd time. Will meet support of the rising wedge. If it breaks it will drop to $48.26 unless it is not a rising wedge but a rising channel
After hitting the $77.00 target LTC is struggling to get above. It seems price is printing a symmetrical triangle/ pendant formation just under resistance and over support. Last night there was a measure move off the rising wedge and failed to break to lower targets. Currently we should expect a break to the upside of this triangle due to the bullish divergence...
BUY and hold - it means buy in case move down slowly and bottom will not be broken .