botje11

Litecoin LTC about to break up towards 40?

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
The triangle seems legit, the volume is decent but it has to increase a lot if we break the resistance around 34/35. The small bull flag on the right should hold to keep the pressure on the bears. So it has to stay above the green support. If that breaks, it can still happen through another higher low inside the triangle, but of course it becomes less likely. The big inverse H&S could also still workout if we see a solid breakout.


Previous LTC analysis:
Comment: Broke up from that small bull flag, peaking above the neckline, but no volume yet. So we can assume the breakout has not happened yet. Needs much more volume to be reliable
Comment: Update
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+4 Reply
I’ve been watching this closely and an actual higher high could signify a broader turn around in this market .. I feel like the bull is creeping back and this could be the start to something big
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@Boss_Coyote, Yes, something big up, followed by something big down. Look for BTC 46-48K levels to hold resistance, and then we'll see what's next.
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+5 Reply
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