LTC/USD symmetrical triangle Past trading idea + 313%

Updated

in an uptrend, a symmetrical triangle with a base of 100% has formed. The price is squeezed into a corner. There is a huge probability of a breakdown of the descending trend resistance of the triangle.

Past trading idea.
The entry point was shown (publication of the idea) just before the reversal of the downtrend. With the breakdown of the resistance of the big triangle, profit at the moment is + 313%

LTC / USD Main trend. Monthly schedule. Triangle. Pivot points.

LTC / USD Main trend. Monthly schedule. Triangle. Pivot points.

Also note that in the Litecoin / Bitcoin trading pair, the price is close to the support of the horizontal channel of accumulation and historical lows of the price. Great potential.

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There is a breakdown of the local downtrend resistance. Pay attention to how successfully the news came out under the schedule today, that from today PayPal allows users to pay payments with Litecoin cryptocurrency

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from the breakdown of the resistance exactly at the level of 244 by 16.88%. At the moment, the rollback after the breakdown of the resistance of the triangle for its retest. There is a high probability of further development of an upward local trend.

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+ 61% from the breakdown of the resistance of the triangle. At the moment, a rollback to the local (green) uptrend line + mirrored support level 244

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+75%

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Let's go on the second scenario. . At the resistance of the trend 2 07 - 12 07 there was no buying activity at all (general market trend). Now after the local decline to the level of 117 - 103 formed a double bottom 36%. The price has approached the local mirror resistance level of 140. Its breakthrough will potentially give the movement at least to 180 zone. Significant volume in contrast to the average liquid alts are not yet.

Note

LTC/USD Main trend. Halving. Cycles The psychology of repetition

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