Litecoin is currently sitting above wedge resistance. Closure above this resistance level on higher time frame would indicate a strong confirmation of continuation upwards.
If candle closes back inside wedge, there’s a good chance that we can see this rising wedge complete with a break in support.
The 100EMA (blue) marks critical support. If we do happen to break support, this would be a potential bounce back zone. Around ($185)
If the 100EMA does not hold, previous lows would act as support, in this case $155.
If candle closes back inside wedge, there’s a good chance that we can see this rising wedge complete with a break in support.
The 100EMA (blue) marks critical support. If we do happen to break support, this would be a potential bounce back zone. Around ($185)
If the 100EMA does not hold, previous lows would act as support, in this case $155.
