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AlanSantana

Litecoin Attempt At Breakout, Can Easily Succeed

Long
Litecoin / Bitcoin (BINANCE:LTCBTC)  
AlanSantana  
BINANCE:LTCBTC   Litecoin / Bitcoin
Trend Analysis Technical Indicators Beyond Technical Analysis Litecoin (Cryptocurrency) LTC LTCBTC alanmasters binance altcoins crypto bittrex bitmex
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trendanalysis indicator beyondta litecoin ltc ltcbtc alanmasters binance altcoins crypto bittrex bitmex
Litecoin (LTCBTC) is now trying to break out of the falling wedge and it looks like this attempt to can be successful.

Notice the purple trendline, this is the resistance we are looking at.
  • Above this "purple trendline" we can easily see LTCBTC going higher (green arrows).
  • If LTCBTC fails to break this trendline and closes below EMA10 (0.006131), we can easily see a retrace (red arrow) before the jump.

Pretty simple...
Additional details, with targets, can be found on the chart.

Namaste.
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