Ravich000

LTC Breakout

Long
COINBASE:LTCUSD   Litecoin
LTC broke out of this Bull Flag it painted recently and is holding above critical support in $250 range. The breakout and support could get tested once more time but I believe it will make another run soon. Risk of Bearish Divergence developing on 4h but this wave up in crypto market only just stated so I hope we can invalidate that in time. BTC encountered resistance at 55.5k but I would think that we are at least re-testing 60k range before any reversal could occur.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.