LTCUSDProvided trading follows trend, Litecoin should form a bullish Ascending Triangle, or Pennant. See my other chart for the Bullish Pennant. Both scenarios are bullish and price action for Litecoin should yield positive gains in the long term. A break to the upside expected once it nears end of triangle/pennant. - Possible buying opps labeled on chart per Fib retracement levels.
- Red line is 20 MA for possible pullback/support.
- Target Price: $232
Comment your thoughts or speculation. Thanks!
LTCUSD
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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.