quantguy

Bull Wedge in Litecoin

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BITSTAMP:LTCUSD   萊特幣
Litecoin is looking pretty sluggish but we may have a bull wedge pattern attempting to form. We are at strong levels of support from the lower bound of this pattern. However the Kovach OBV is in the doldrums and the previous trend was bearish so this has a chance to break to the downside. If so, $174 and $170 will provide some support, and if those dont hold, $158 seems like an absolute lower bound for now. If we are able to break out, $202 and $209 are our next targets

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