quantguy

Bull Wedge in Litecoin!!

Long
BITSTAMP:LTCUSD   Litecoin
Litecoin is gettting a lift and we definitely see what appears to be a bull wedge forming with an upper bound at $134. We saw support from $120 earlier and will continue to do so if we face resistance again from $134. The Kovach OBV has flattened, after picking up when Litecoin caught support at $105. Thus it is doubtful this breakout will happen today, and will give bulls more time to accumulate a position. If we are wrong, the min lower bound of LTC seems to be $105, but it is doubtful we will break $120.

Join my discord at discord.io/quantguy
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.