LTC/USDTLITECOIN UPDATE
#Litecoin is a very interesting coin because every halving it has it actually pumps into the halving, so as you can see, when you zoom out we had a huge ascending broadening wedge pattern and then formed a falling wedge pattern and broke down, lots of people got rekt there thinking the falling wedge will pump after the halving, but if you zoomed and and looked at historical data on Litecoin you would have understood that it only pumps pre halving.
So what now?
well we have actually formed a nice 88 day accumulation box and it had broken out of it and now retesting previous resistance as new support, if it holds I have put my 3 take profit targets in green horizontal lines!
my stop loss is the orange line, if we come all the way to the accumulation box again I will add into my spot position, at the end of the day CRYPTOCAP:LTC is silver Bitcoin and will perform well in the bull run and is used in many platforms for payments!