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AbuSalihh
Mar 14, 2018 2:12 PM

Did LTC just break that giant symmetric triangle downwards? 

Litecoin / U.S. dollarBitstamp

Description

If so, we are basically at the beginning of a downtrend that could bring LTC to sub 70 USD terrain. Scary.
What do you think?
Comments
woodfield
give me give me $70!!!!!
AbuSalihh
Just discovered that I have actually been correct back then...who would have thought
rletzeiser
where did you draw this triangle from? The triangle should be 11-2-17 and 2-6-18 lows... still a ton of downside room in the triangle.
Jbos865
LTC did have as the only larger Alt Coin a real double bottom in Feb, I think this is a very strong base. And I also think that such a large pattern needs some strong breakout with a lot of volume. What you see on many charts is that the volume declines, and the drop volume painting the candles is lower and lower.

Dont get me wrong, It can drop everything is possible, but what I think is that this is a false breakout and that we will move back into the triangle for another try.
AbuSalihh
@Jbos865, lets hope so (:
max69
don't see it. if 160 breaks, the demand at 106 has been strong
afreet77
no
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