🔥 LTC Massive Bearish Triangle Pattern

9 ก.พ. 2022

Over the course of a year, LTC has formed a massive bearish/descending triangle pattern.

I'm expecting huge selling-pressure to occur at the top trend line of the triangle. LTC has been underperforming virtually all other tokens, so a lot of traders want to dump this token. We'd need some serious price action in order to see a >$300 LTC again this market cycle.

Nevertheless, this is crypto and everything is possible. I'm watching the top trend line for a potential short entry.

Happy trading!