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LTCBTC trendline Technical Analysis and USD pair convergenge

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Seen here is what appears to be a falling wedge pattern which on the surface suggests a decline in value versus BTC however in comparison to the LTC USD trading pair there has been the development of a pennant pattern simultaneously. These converging patterns could suggest a massive appreciation in value of LTC over both BTC and USD which could develop within the next few days so this is definitely a trading pair to keep an eye on. Suggested buying zone would be just above the resistance line of the wedge so that would be a positive indicator of breakout and upward trajectory.
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See convergence of USD pair here
LTCUSD trendline Technical Analysis and BTC pair convergenge

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.