Recognizing the pattern in chart could led to massive returns. LTCUSD has been forming a descending triangle since forming a top on 12.12. Yesterday it touched resistance level at $100, which was the same as 4 days ago. Double bottom could lead to trend reversal, but even stronger indicator would be, break from descending triangle. Look for this break that could happen in next hours or look to stop loss – if we don’t get the break, LTC is going to test lower support once again.
Trade active
We have a clean break...$208 next target. SL $136.Trade active
Still active trade - 208$ coming soon. Check LTCBTC what a nice pop.Trade closed: stop reached
Close, take profit 50%, the rest follow the trend. next target $225.
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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.