LitecoinUpdated LTC/USD Short term breakout
On 15 minute chart, just broke out of a short term triangle which was below previous support level (post New Year run). Chance we can run back up to yesterday's downtrend line of 245. A lot of uncertainty over the past few weeks. Would be huge if LTC could break through to the next level of support or to the Dec 1 Fib line. On flip side, this could be a pre-lunch run before the day traders sell back to the triangle before lunch.
Note
Edit. 242 would be back to trend line. FYI, there's a 3K wall at 243
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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.