Litecoin is now on a very strong support line.
The correcton of litecoin has formed a falling wedge, with a target around 150 dollars.
Though we are in a downtrend, this large support gives us an opportunity.
Know that this large support is still possible to become a large resistance.
A stop-loss for me would be a strong break under 106 dollar, since, this would create a new low, and a possible break out of the larger pennant.
The correcton of litecoin has formed a falling wedge, with a target around 150 dollars.
Though we are in a downtrend, this large support gives us an opportunity.
Know that this large support is still possible to become a large resistance.
A stop-loss for me would be a strong break under 106 dollar, since, this would create a new low, and a possible break out of the larger pennant.