The analysis here is simple: There’s a triangle, and two resistances to surpass. It seems it is going to breakout this triangle, which is very good, but LTC has a very shy movement, if you compare with ETH or BTC. It needs to breakout the U$ 44.51 and the U$ 47.76, then the next stop will be the green target region.
It seems it is going up; triangles are very easy patterns to trade, with clear stops and very detailed statistics (check my previous analysis for more details).
LTC shouldn’t go near the red lines region, would endanger the trend.
Thank you all, and good trades.
It seems it is going up; triangles are very easy patterns to trade, with clear stops and very detailed statistics (check my previous analysis for more details).
LTC shouldn’t go near the red lines region, would endanger the trend.
Thank you all, and good trades.
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