$LTC consolidating into bear channel, simple TA

Simple TA, no indicators. Even though Litecoin seems to be ranging via flat channel, there is a pattern that looks like bear channel applicable. If LTC breaks out of this bear channel, then it will continue consolidation or go higher to current resistance.

Kommentar:

wow LTC just flat. Period. This support of 15481 doesn't want to be broken. Also, todays candle have touched the resistance level of bear channel and bounced right back. Interesting setup. Have to wait and see.

Trade geschlossen: Stop wurde erreicht

Kommentar:

LTC has completely violated bear channel on LITEPAY gossips