LTCUSD
Long term Trendline was tested with the major sell off from Saturday night but was ultimately respected.
Price is forming a wedge and indicated by the blue trendlines.
I'm looking for price to consolidate within this wedge pattern and then eventually breakout.
If price breaks up, we should see a retest of key levels, and then a continuation.
Key price levels to note:
$55.50
$56
$57.50
$58
$59
$60
Long term Trendline was tested with the major sell off from Saturday night but was ultimately respected.
Price is forming a wedge and indicated by the blue trendlines.
I'm looking for price to consolidate within this wedge pattern and then eventually breakout.
If price breaks up, we should see a retest of key levels, and then a continuation.
Key price levels to note:
$55.50
$56
$57.50
$58
$59
$60