Litecoin / TetherUS
롱

LTC: Symmetrical Triangle Breakout

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Litecoin (LTC) technical analysis:

Trade setup: Price is trading in a Symmetrical Triangle. Trend traders need to wait for a breakout. A bullish breakout could lead the price to revisit $105 resistance

Pattern: Symmetrical Triangle, which is a neutral pattern, suggesting indecision in the market. Although it could break either up or down, it usually breaks in the direction of the prevailing trend (i.e. continuation not reversal).

Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $80, then $65. The nearest Resistance Zone is $90, which it broke then $105.

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