Signs of recovery after the big fall of last weekend. Price broke the wedge's trendline acting as resistance.
If LTC price confirms the breakout we could open a long position.
If it's a fakeout, price could find support in the $270-$255 range.
If you want to read more about Litecoin on CoinMarketCap, click here.
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome. But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
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The breakout did not confirm, so I am considering this trade cancelled. Not sure whether my trendlines are placed correctly or not. At least resistance held so far. Let's wait and see price's next move.