Litecoin LTC about to break up towards 40?

5 thg 1, 2019

The triangle seems legit, the volume is decent but it has to increase a lot if we break the resistance around 34/35. The small bull flag on the right should hold to keep the pressure on the bears. So it has to stay above the green support. If that breaks, it can still happen through another higher low inside the triangle, but of course it becomes less likely. The big inverse H&S could also still workout if we see a solid breakout.


Previous LTC analysis:

5 thg 1, 2019

Ghi chú

Broke up from that small bull flag, peaking above the neckline, but no volume yet. So we can assume the breakout has not happened yet. Needs much more volume to be reliable

6 thg 1, 2019

Ghi chú

Update