ðĨ Litecoin On Key Resistance Ahead Of FOMC: Correction Ahead?
LTC has been performing very good over the last couple of weeks, a rally most likely helped by the LTC halving.
However, LTC is currently trading at a key resistance which has been holding strong since June 2022, so almost 8 months.
Since we have the FOMC interest decision tonight I'm advising caution. Wait for a confirmed rejection before going short. Wait for a confirmed break out before going long.
Personally I'm looking for a short position with a target at the bottom support of the rising wedge pattern.
However, LTC is currently trading at a key resistance which has been holding strong since June 2022, so almost 8 months.
Since we have the FOMC interest decision tonight I'm advising caution. Wait for a confirmed rejection before going short. Wait for a confirmed break out before going long.
Personally I'm looking for a short position with a target at the bottom support of the rising wedge pattern.
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