1st possibility (cyan):
We bounce from 1st support and break the upper resistance line.
2nd possibility (my primary, yellow):
We gonna see a bounce from 1st support and another attempt to break the resistance.
I think its gonna fail and fall down to 2nd support as bitcoin rises, and LTC is unable to keep up with it.
Then there will be a second bounce from 2nd support, and this one will probably breach the resistance and take us to a new ATH.
We bounce from 1st support and break the upper resistance line.
2nd possibility (my primary, yellow):
We gonna see a bounce from 1st support and another attempt to break the resistance.
I think its gonna fail and fall down to 2nd support as bitcoin rises, and LTC is unable to keep up with it.
Then there will be a second bounce from 2nd support, and this one will probably breach the resistance and take us to a new ATH.
Note
Just realized we could just go straight to 2nd support
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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.