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Logzor
Feb 19, 2018 5:12 PM

Will LTC bounce on the upper trendline? Short

Litecoin / DollarBitfinex

Description

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.
Comments
Logzor
Lower highs in price coupled with a higher low in MACD indicating potential upside. Stay tuned!
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