This is a bullish view of LTC. LTC has consolidated at around $50 for 6 months after dropping 85%. Now price has broken over the range and seems to find support from the bottom of the range.
Furthermore, it appears that price action is printing a livermore cone that can breakout. Breakout of the cone will push the price in the upper ranges between 235 and 310.
I don't encourage trading LTC. LTC was the first coin in crypto history to be rugged by its founder.
Comentário
⋅
Breaking range. heading to downward channel resistance.