LTCUSD (Litecoin) – Week 27 – Channel trading

With so many blockchains on the market today, there is a growing demand for cross-chain interoperability. While there are a number of projects in the works, Wanchain stands out. Wanchain's interoperability solution is leagues ahead of competitor ecosystems, having just incorporated Litecoin into its cross-chain environment.

Technically, the price is range bound inside the blue channel marked on the chart. Because the price reached the lower line of the channel, we give a higher probability for the price to go higher. If the channel breaks in either way and consolidates after, we should be biased towards that direction. We advise caution.

Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.