Litecoin breaking out Falling wedge!
LTC forms a structure similar to Falling wedge because it always creates a new Lower Low. The downtrend is already slowing down and there may be a break out of this channel.
We are currently in the Buy Zone, so I would definitely create 2-3 orders to buy between 0.006590sats to 0.005950sats. Stop Loss goes below the local bottom, 0.005840sats. You can see Key zone in the chart. It is the key level that will show us what LTC really has the power to break through the Falling Wedge. If we break through the Key zone and stay on top of it, our first target will be 0.007880sats and the second target will be 0.01sats.
We are currently in the Buy Zone, so I would definitely create 2-3 orders to buy between 0.006590sats to 0.005950sats. Stop Loss goes below the local bottom, 0.005840sats. You can see Key zone in the chart. It is the key level that will show us what LTC really has the power to break through the Falling Wedge. If we break through the Key zone and stay on top of it, our first target will be 0.007880sats and the second target will be 0.01sats.
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