Is LTC/USD a buy or a sell?
Price is testing the bottom of the , trying to decide whether to make a bounce or a break.
The moving averages appear to be going for a crossover to signal a likely breakdown. If that’s the case, LTC could tumble by the same height as the pattern.
Size of the wedge pattern: ~ 80 Units
On the other hand, turning higher from the oversold region could reflect a pickup in pressure, which could be followed by a bounce back to the resistance.