BITFINEX:LTCUSD   Litecoin / U.S. Dollar
#LTC is trading inside a wedge , Yesterday, Bulls broke out of the wedge which is a buying signal as long as #LTC can close on a daily candle above 82$. The bullish trend will face $90 as a heavy resistance where the red line lies. I would suggest to sell a bit sooner and wait for a daily candle closes above the red line. This will target $109-$115 and then $129 levels. The pivot point protects $130 levels. The bulls have defended $75 levels aggressively so far. A daily candle closes below the wedge means the bears have broken below $75. TA wise, this pattern targets $60. We have to wait for a clear confirmation of which direction #LTC will decide to move. Therefore, I suggest traders wait for a daily candle close above $82, or a bit higher at $85 before buying the crypto currency.
thanks
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$87.21 then down to $65-55 area, thats how I have it playing out, either way not selling still holding, one day we will look back on these times
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