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TheWolfofPoloniex
May 7, 2018 12:13 PM

LTC in a Falling Wedge Long

Litecoin / United States DollarCoinbase

Description

As BTC struggles to flip the trend into a bullish reversal, so does LTC. We've created a very obvious Falling Wedge, however it is currently finding resistance at the Resistance Trend Line instead of completing the pattern and breaking bullish.

However, should the resistance break, it seems like a good long / entry position to ride the bounce up towards the Ichimoku Clouds.
Comments
CryyptoKiing
I think it's going UP!

djukic.nebojsa
Well spotted. + bullish divergence on stochs
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