Good morning all. I have placed my thoughts on this situation for litecoin here. Being that alt coin season might be starting soon - I mentioned reasons why in a previous post - we could be seeing LTC break to the upper line of this rising broadening wedge and even break it to the upside all together! we had a false breakout of this pattern with a rise in positive volume and momentum. A flag is being printing just between two very important resistance lines which in theory should act as a major support. I would like to have seen this flag forming over the purple resistance of $73.24 however we did dip into the zone briefly.
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Not what we want for a continued move up.
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One more bush up? Will LTC break up from the rising wedge like the other alts ?!
Trade closed: target reached
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Does LTC have the potential of breaking this channel to get over $80?Note
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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.