Continuing Consolidation and then pump
LTC fail to break out of the Symmetrical triangle and broke past its strong support around the $200 area. Looking to see if there is enough momentum to push back up but looking at how LTC is tied to BTCs price movement. We could see further breakdown to test the lower part of the symmetrical triangle where we could get a bounce big enough to break out and continue towards the February high of $247.
Waiting for the test of the lower support again before we see another attempt to breakout. It is possible we could also continue from here to test the upper symmetrical triangle again.
My opinion is I would like to see the symmetrical triangle pattern finish and we could get a nice boost to the upside although its never certain.
Waiting for the test of the lower support again before we see another attempt to breakout. It is possible we could also continue from here to test the upper symmetrical triangle again.
My opinion is I would like to see the symmetrical triangle pattern finish and we could get a nice boost to the upside although its never certain.
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