i think we might see a third wedge before the possible bullmarket, this is high speculation and possibly a final chance for those who missed out on 6400 price range!
We are in the formation of a triangle pattern, and there's a big probablity it might break downtrend towards my next support the 6k area since we are still in a bear market! Good luck! PD: personal opinion
Expected bullish wedge pattern towards the upside.
In the graph we can appreciate 5 bounces on the resistance on a sideway movement, the rupture should come with a lot of strength.
The possibility of a Ascending Triangle Pattern was there, but unfortunately it broke to the downside and the pattern was not completed.
In the graph the triangle broke into the upside, but it seemed to be a bull trap.
In the graph you can appreciate a rupture on the bullish trend line of LTC.