🔥 Litecoin Multi Month Bullish Triangle

٩ فبراير ٢٠٢١

LTC is on its way to the end of the bullish triangle which it has been forming since early December. In order to trade this setup one must wait for a confirmation of a daily candle closing above the upper resistance line of the triangle.

Like mentioned it my other Litecoin posts, I'm still fairly bullish on this coin. Long term we could see the value rising above $400.

On the chart I’ve marked two potential areas of resistance, R1 and R2, based at $200 and $250 respectively. Do your own due diligence.

Happy trading!