TheChartGuys

LTC Hourly Descending Triangle

COINBASE:LTCUSD   Litecoin
I usually use real bodies of candles for trend lines but in this instance it has to be wicks for this pattern.
Clear lower highs and horizontal base of support as the range tightens and we wait for a clear break by this afternoon.
Look for the BTC break of the 4 hour equilibrium to dictate the LTC break of this pattern.
Bears have the upper hand and it is up to the bulls to prove they can break the hourly lower highs.

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