Bujasim

Litecoin - Ascending Triangle

Long
KRAKEN:LTCUSD   Litecoin
Litecoin is forming what seems to be an ascending triangle. With a possible breakout around the first week of December 2017 above the 65 USD resistance.

If price action remains within triangle (confirming pattern) for the next two weeks then short term it would make for good swing trading.

And for good entry targets near bottom range of BB + ascending support line and/or support fib levels.

Stop loss should be slightly below entry targets / support levels (invalidating the pattern).

Best of luck!
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.