Litecoin (LTC) Aims For Trend Reversal As Price Prepares To Escape Falling Wedge

2018-8-27 21:30

Litecoin (LTC) is trading in a falling wedge with the possibility of a breakout in the weeks ahead. The above daily chart for LTC/USD shows that Litecoin (LTC) has almost reached the extent of its movement within the falling wedge against the US Dollar (USD) and is now likely to test the downtrend resistance.

However, before testing the downtrend resistance, it will have to break past the 21 EMA which has served as a support turned resistance since the beginning of the correction.

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Litecoin (LTC) на Currencies.ru

$ 67.18 (+0.16%)
Объем 24H $271.083m
Изменеия 24h: 1.09 %, 7d: -6.89 %
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Цена в час новости $ 62.05 (8.27%)

ltc falling wedge litecoin resistance usd downtrend

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