Litecoin - Bullish Pennant Forming
Updated
LTCUSDProvided trading follows trend, Litecoin should form a bullish Pennant, or Ascending Triangle. See my other chart for the Bullish Ascending Triangle. Both scenarios are bullish and price action for Litecoin should yield positive gains in the long term. A break to the upside expected once it nears end of triangle/pennant. - Possible buying opps labeled on chart per Fib retracement levels.
- Red line is 20 MA for possible pullback/support.
- Target Price: $232
Comment your thoughts or speculation. Thanks!
Note
LTC following trajectory and pennant breakout as anticipated. Let's gooooo!!!!!
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