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FatCatCrypto

$LTC/$BTC breaks downward channel and weekly S/R?

Long
Litecoin / Bitcoin (BINANCE:LTCBTC)  
FatCatCrypto  
BINANCE:LTCBTC   Litecoin / Bitcoin
Support and Resistance Trend Lines Parallel Channel LTCBTC LTC BTC ltclong ltcbtclong
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supportandresistance trendline parallelchannel ltcbtc ltc btc ltclong ltcbtclong
$LTC has been in a downward sloping channel for a couple of months, but looks on the verge of breaking out.
Furthermore, if it can reclaim the weekly S/R level, the bottom might be in on this one.
The ideal scenario would be a break out of the channel in the coming days and a retest of the weekly S/R level.
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