Hi guys,
Just a publication to share with you few pieces of analysis on LTCUSD.
Today we have broken the symmetrical triangle. The cup and handle pattern is confirmed and we should test the descending triangle support soon : $145.
Aroon is here to confirm a great bullish move coming on the day-chart as the red line perfectly crossed the green line around 50-55. The past clearly show that we have a huge move either bullish or bearish when the cross is like that.
After we break the $145 support, the next stop will be around $160 where we would encounter the middle Fibonacci red line support.
Have a great week ahead !
Just a publication to share with you few pieces of analysis on LTCUSD.
Today we have broken the symmetrical triangle. The cup and handle pattern is confirmed and we should test the descending triangle support soon : $145.
Aroon is here to confirm a great bullish move coming on the day-chart as the red line perfectly crossed the green line around 50-55. The past clearly show that we have a huge move either bullish or bearish when the cross is like that.
After we break the $145 support, the next stop will be around $160 where we would encounter the middle Fibonacci red line support.
Have a great week ahead !