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UnknownUnicorn1016020

Not a breakout

Short
Litecoin (BITFINEX:LTCUSD)  
UnknownUnicorn1016020 Updated   
BITFINEX:LTCUSD   Litecoin
Trend Lines Flag Volume
5
2
trendline flagpattern volumestudies
It looked like a breakout from a wedge at first, but there was so little volume. It rather turns into flag building, so price should go down again.

Longer term is still bullish.
Comment:
Did go down, but not as far as I anticipated. There is strong support at $50. If it holds, we could see the moon in the next 24h. If it breaks, we could easily fall to $46.

snapshot
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