Litecoin Attempt At Breakout, Can Easily Succeed

28 mar 2020

Litecoin (LTCBTC) is now trying to break out of the falling wedge and it looks like this attempt to can be successful.

Notice the purple trendline, this is the resistance we are looking at.

• Above this "purple trendline" we can easily see LTCBTC going higher (green arrows).
  
• If LTCBTC fails to break this trendline and closes below EMA10 (0.006131), we can easily see a retrace (red arrow) before the jump.
  

Pretty simple...
Additional details, with targets, can be found on the chart.

Namaste.