Litecoin forming a consolidation pattern,prepare for more bounce

19 בפבר׳ 2018

Litecoin is now consolidating really nicely within a wedge formation. We prepare for a potential bounce above 212 major support (horizontal overlap support, Fibonacci retracement) with our next major resistance at 264.42 (Fibonacci retracement, horizontal swing high resistance).

Stochastic (21,5,3) can see an ascending support hold prices up and our bullish bias really well.

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