COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC is in consolidation mode, forming lower highs and slightly lower lows inside a falling wedge pattern.

Is LTC/USD a buy or a sell?

Price is testing the bottom of the wedge , trying to decide whether to make a bounce or a break.

The moving averages appear to be going for a bearish crossover to signal a likely breakdown. If that’s the case, LTC could tumble by the same height as the wedge pattern.

Size of the wedge pattern: ~ 80 Units

On the other hand, Stochastic turning higher from the oversold region could reflect a pickup in bullish pressure, which could be followed by a bounce back to the wedge resistance.

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