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Litecoin looking close to breaking out
Litecoin recently followed BTC to break out of its current trend (white lines) and is now testing a wedge (green lines) on the upper side. Hence, I figure it is largely dependent on the trend of BTC, but if BTC continues on its upper trend, it looks like a break upward is likely.
The fate is largely dependent however on the fate of BTC with still some possibilities to the bottom of the current wedge or retracing back down fairly dramatically back to 163 or so over the next few days if BTC does not hold up, but so far things look promising from what I can tell.
The fate is largely dependent however on the fate of BTC with still some possibilities to the bottom of the current wedge or retracing back down fairly dramatically back to 163 or so over the next few days if BTC does not hold up, but so far things look promising from what I can tell.
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