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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