LTC has been outpaced by both BTC and ETH since it's few brief hours of dominance a couple days ago.
Now it's approaching the uptrend from yesterday's consolidation
A break of this uptrend will likely mean substantial further downside for LTC, the other possible scenario being a bounce
Depending on your preference, the uptrend provides a nice level to make either a long or short entry with a stop loss on the other side of the trend line
A more bullish take could also view this chart as potentially forming a cup & handle pattern , but I for one need to see LTC bulls show up with more volume to be convinced
Now it's approaching the uptrend from yesterday's consolidation
A break of this uptrend will likely mean substantial further downside for LTC, the other possible scenario being a bounce
Depending on your preference, the uptrend provides a nice level to make either a long or short entry with a stop loss on the other side of the trend line
A more bullish take could also view this chart as potentially forming a cup & handle pattern , but I for one need to see LTC bulls show up with more volume to be convinced