PhilosophersStone

LTC falling wedge breakout soon?

BINANCE:LTCUSDT   Litecoin / TetherUS
LTC forming this falling wedge for almost the last two weeks. Now right under important level 165 that was support multiple times, we can expect that now will act as big resistance, also at the same time right under the resistance trendline of this big wedge . SRSI could use some cool off and we could expect possibly some kind of pullback, consolidation, or even retest of support at 147,6 (it might not happen before breakout). Good long entry could be a retest of that support trendline or resistance level . And also good short entry could be if that level is lost. I recommend short entry only at a bearish retest of that level.