LTC Base of Support at $56
Although it does not fit the exact definition, this pattern on the hourly is close to the descending triangle.
We have a base of support at $56 after multiple holds of this level, with lower highs of bounces each time.
Bulls have to break the lower highs to shift momentum in their favor, and a break of $56 should see stop losses trigger.
Weakest of the big 3 the last couple days as ETH and BTC are testing resistances.
No entries without bulls proving volume and momentum from here.
We have a base of support at $56 after multiple holds of this level, with lower highs of bounces each time.
Bulls have to break the lower highs to shift momentum in their favor, and a break of $56 should see stop losses trigger.
Weakest of the big 3 the last couple days as ETH and BTC are testing resistances.
No entries without bulls proving volume and momentum from here.
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