Litecoin has been squeezed in wedge ! Its testing it guys ! If it breaks it ( sometimes another test is there to convert it in support ! which happens less) we will have its breakout ! Also BTC is dominating the market ! It seems BTC will come out of inverse H and S pattern and litecoin will break this wedge together ( if LTC breaks it which has high chances because it was formed after a rise of LTC and in such cases high chances of breaking upside are there and leading to breakouts ) ! It has slowly reached near end of wedge so it should break it from there ! Also note : LTC is not too small coin but still BTC dominance matters somewhat when BTC dominates the market clearly ! BTC breakout of H and S could give it small pump to break this wedge and after that it may be too strong to rather make a small rising elliot wave w.r.t. BTC ( you may have seen what happened last time when it broke descending wedge) ! Keep watching !
yeah it should break now ! enough of correction ! thanks for this ! watching closely ! hope it breaks upside instead of making another triangle ( sometimes after wedge ends it makes another one ! )
SunnyNehra
⋅
@StocksMaster, yes but with a coin like LTC less chances ! though with small coins it keeps happening ! Still lets see how it goes !