Hello everyone,
We are currently looking at the hourly chart for LTCUSD. LiteCoin has shown us a rising wedge pattern. The rising wedge chart pattern forms when a stock consolidates between two converging support and resistance lines. This is the perfect play for your long placement. Litecoin should retrace to about 198 before moving long again. I love making these plays with LiteCoin. In my previous post, I had something very similar. As you can see, LiteCoin was on a downtrend previously, thus making this very bullish.
Any feedback is much appreciated. Thank you and have a great day!
We are currently looking at the hourly chart for LTCUSD. LiteCoin has shown us a rising wedge pattern. The rising wedge chart pattern forms when a stock consolidates between two converging support and resistance lines. This is the perfect play for your long placement. Litecoin should retrace to about 198 before moving long again. I love making these plays with LiteCoin. In my previous post, I had something very similar. As you can see, LiteCoin was on a downtrend previously, thus making this very bullish.
Any feedback is much appreciated. Thank you and have a great day!
Comment:
Trade triggered today at 198.