Litecoin being squeezed, watch for a breakout!
Litecoin is currently being squeezed in a triangle formation and could break out in either direction. We do have to be cautious of the major resistance at 218 and the major support at 200 which needs to be surpassed or broken to open a move in either direction.
We can also see that RSI is being squeezed in a triangle formation and a breakout in either direction could be a precursor to what we can forecast on price.
We can also see that RSI is being squeezed in a triangle formation and a breakout in either direction could be a precursor to what we can forecast on price.
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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.