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Keylow
Apr 24, 2019 5:01 PM

LTC set-up for Long position Long

Litecoin / DollarBitfinex

Description

The 1d upward trend line has provided long-term support since the lows earlier this year, while the recent down-trend line since April's high's has acted as strong resistance. LTC tagged the 61.8 fib retracement and these trend lines converge this weekend for a potential breakout; the symmetrical triangle pattern suggests continuation of the uptrend to retest April highs upon completion.

Comment

Scratch 61.8 - misread
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