๐ฅ LTC Massive Bearish Triangle Pattern
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!
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!
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