LTC is in an ascending triangle closing prices with higher lows and reaching a previous high
If price breaks, LTC will shoot up to $500
If trend line breaks, it will fall around the $200's
In the past, I posted an analysis similar to this setup.
2 targets are shown:
1 - if resistance breaks, price will shoot up
2 - if trendlines are broken, price will come down
In the chart, you can see that the buyers are once again starting to gain strength due to the higher lows and a breakout is approaching.
If the resistance is broken through, we may see a new high of $14,500.
In the event that the resistance is too strong, we may see a pullback to $9,000
Be ready for the movement in either direction.
