Litecoin technical analysis live update

in #trading • 6 years ago

The Litecoin chart displayed in this analysis is a 1 hour timeframe candlestick chart from August 16, 2018 to present date.

LTC again.png
The most recent chart pattern for Litecoin from September 7, 2018 is an ascending triangle, which is ideally bullish.

$58.97 indicates the price level for confirmation of the ascending triangle. Meanwhile, $51.86 and $50.85 indicate price levels that will be expected to provide support should price action eject the triangle and move to the downside.

A close below the lower level of support (50.85) especially means more bearish action can be expected for Litecoin.

Interested in the Bitcoin (BTCUSD)? Analysis is provided below:
https://coinanalyst.investments/2018/09/13/bitcoin-analysis-5/

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6 years ago in #trading by
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