alanmasters
Long

Litecoin Attempt At Breakout, Can Easily Succeed

BINANCE:LTCBTC   Litecoin / Bitcoin
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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Comments

Very good.
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