LITECOIN Is it a lost cause?

In my book, LTC has been one of the disappointments of the year. The main reason is the inability to break the Lower High trend-line of the long-term Channel Down on the 1W chart. In fact, the recent mid-August top was made exactly on the trend-line.

There is light in the tunnel though as the RSI is slightly ascending, while the LMACD is stable too and since the December 2018 bottom we haven't made a Lower Low. However in my opinion it is now or never and the Channel Down should break upwards before the end of the year if LTC wants to revitalize investor confidence.

Do you think the time to break above is approaching?



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