Technical Analysis: Litecoin (LTC) - Feb 19th

in #steem • 6 years ago

www.tradingview.png

Litecoin continues to trade in a sideways consolidation pattern with little movement in either direction. It looks as though it has formed a wedge patter which should have resolution by the 23rd of this month. When the price finally does breakout of the wedge, we should see it rise and take out the resistance line at $267 and see another corrective structure form as we will see a pull back of price towards that line.

Current marketcap of cryptocurrencies:

#1) Bitcoin - $189,049,238,640 (Price - $11,203.20)
#5) Litecoin - $12,505,981,602 (Price - $226.19)
#26) Steem - $1,115,307,912 (Price - $4.47)

#cryptocurrency #money #trading #litecoin
6 years ago in #steem by
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