LTC broke out from the midterm falling wedge with volume. Previously LTC broke out of a smaller widening descending wedge. The descending wedge target is at $51.5 .
I believe it is most likely there will be a pullback to retest the falling wedge. If the price bounce at the retest it will go the falling wedge target at around $80.
If all of this is a fake out and price go back in the falling wedge, that will be very bearish and price will not stop at $30 but go down to the previous low of $22.
I believe it is most likely there will be a pullback to retest the falling wedge. If the price bounce at the retest it will go the falling wedge target at around $80.
If all of this is a fake out and price go back in the falling wedge, that will be very bearish and price will not stop at $30 but go down to the previous low of $22.
Commentaire:
hit both targets
