As BTC struggles to flip the trend into a bullish reversal, so does LTC. We've created a very obvious Falling Wedge, however it is currently finding resistance at the Resistance Trend Line instead of completing the pattern and breaking bullish.
However, should the resistance break, it seems like a good long / entry position to ride the bounce up towards the Ichimoku Clouds.
However, should the resistance break, it seems like a good long / entry position to ride the bounce up towards the Ichimoku Clouds.