Logzor

Will LTC bounce on the upper trendline?

Short
BITFINEX:LTCUSD   Litecoin
Bullish pennant drawing to a conclusion with a possible bounce on the upper trendline, to be confirmed by a sustained period of time over 236. However, as mentioned in my earlier post, a break down below 215 may indicate a drop to previous support zones.

RSI indicates a short-term drop to the bottom of the pennant with an upper trend with potential breakout.
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.