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stephenz1234
Apr 25, 2019 1:45 PM

LTC NEEDS TO MAKE A MOVE Long

Litecoin / DollarBitfinex

Description

The daily chart shows a falling wedge finding support along the long term trendline. I'd say bullish but the $100 resistance will force LTC to make a big move around June.

Invalidated if the wedge fails, which will ultimately cause a break in the long term trend. Confirmed short term at a close around $77. Daily RSI could favor a sustained upward price action.

I've been seeing a lot of calls for $40-60 price, which is possible if this setup fails.

Not financial advice.
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