LTC Litecoin Could Do One More Round Of Bouncing Within Wedge
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This is a possible scenario here. This is in line format not candles so wicks could be lower than than this. Lines remove all the wicks and are just on an open and close basis, kind of cleaning up the noise. This is not guaranteed to happen but it is a possible scenario before we break out again around the end of March. I'll post below a candle chart as well so you can see those levels. As long as we stay within this wedge on a closing basis and within the channel on the candle format then we should be fine. If we break down below the wedge or channel and close below it then thats not going to be very good. I don't see this happening thats just worst case scenario.
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We're still in the wedge on the 4 hour. The daily has formed what looks to be an ascending triangle which is super bullish. Could be sideways in March and a possible break of this triangle end of March beginning of April. We shall see but overall we are still very bullish and just ranging. The longer Litecoin ranges the bigger the move will be.
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Sorry I forgot to mention that chart above is on the daily timefame.
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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.