Xrp has broken out of wedge, I somewhat expect LTC to follow
We're sitting on a historic LTC support/resistance. We are also coming to the end of a falling wedge. I'm expecting a long term bullish for LTC.
I'm not confident where we're going in the short term. If the support breaks we could break down pretty bad. Being in a falling wedge we'd expect a break upward, but it's going to follow the other cryptos.
The other cryptos are in falling wedges. This is a bull signal and almost always breaks upward. It also means the price will descend in the short term. LTC's wedge is coming to an end.
I'm expecting a continued downtrend to $40 and then a small breakout. Watching the oscillators for a bullish divergence.
I'm not confident where we're going in the short term. If the support breaks we could break down pretty bad. Being in a falling wedge we'd expect a break upward, but it's going to follow the other cryptos.
The other cryptos are in falling wedges. This is a bull signal and almost always breaks upward. It also means the price will descend in the short term. LTC's wedge is coming to an end.
I'm expecting a continued downtrend to $40 and then a small breakout. Watching the oscillators for a bullish divergence.
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