Litecoin LTC Bullish Wedge? Part 2
Updated
Well the previous analysis was awesome :), getting one of the few coins that made a big pump during this weekend reaching it's target very quickly. At the moment it seems like we are moving inside of a bull flag which has a target around 29.50. But when we zoom in to the chart on the right, we can see it does not look that pretty. Looks more like a bullish channel broke on the downside and bulls are trying to get back in but they are failing the past few hours. So unless we see it move back in again and break that red resistance, we might have to assume the bull flag will fail.
I think if the green support breaks on the left, we might get a retest of 24/25 zone. Now we can see why taking at least some profits is so important when you have a target reached which you had planned upfront. No matter how promising it looks.
Please don't forget to like if you appreciate this :)
Previous analysis:
I think if the green support breaks on the left, we might get a retest of 24/25 zone. Now we can see why taking at least some profits is so important when you have a target reached which you had planned upfront. No matter how promising it looks.
Please don't forget to like if you appreciate this :)
Previous analysis:
Note
Second target hit :)Note
New update
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.