LTC is testing its 30th June breakout. LTC broke out of a wedge, pierced the 200 weekly moving average, but could not hold above it, and is now retesting the breakout of that wedge.
It must hold above this, otherwise we can assume the pre-halving rally is over.
It must hold above this, otherwise we can assume the pre-halving rally is over.
After that we can only wait and see how things play out post-halving. A breakdown from the wedge/triangle signifies that $115 was probably the top of the pre-halving "rally", and we will continue downwards for the rest of the year.