Litecoin - Bullish Pennant Forming

11 thg 2, 2021

LTCUSDProvided trading follows trend, Litecoin should form a bullish Pennant, or Ascending Triangle. See my other chart for the Bullish Ascending Triangle. Both scenarios are bullish and price action for Litecoin should yield positive gains in the long term. A break to the upside expected once it nears end of triangle/pennant.

• Possible buying opps labeled on chart per Fib retracement levels.
  
• Red line is 20 MA for possible pullback/support.
  
• Target Price: $232
  

Comment your thoughts or speculation. Thanks!

13 thg 2, 2021

Ghi chú

LTC following trajectory and pennant breakout as anticipated. Let's gooooo!!!!!