LTCUSD Bullish Pennant

15 בינו׳ 2018

LTC has a tendency to form high time frame flags, triangles, and pennants and then break out violently. This time is no different as we see a bullish pennant forming on high time frame charts from its high at $420 (GDAX). As long as the overlying crypto market remains neutral - bullish, we should expect to see a break out up from this pennant. This is an excellent time to accumulate LTC at prices between 220-250. Expect at least a test at the previous all time high.