Litecoin LTC Bullish Wedge? Part 3

19 dic 2018

So far so good, but the last move up has been quite disappointing for LTC'. It's not that strange since it has already made a big rally, but it does show there is no extreme interest. On the left you can see an inverse H&S in the making. The speed of the current rally shows there is a chance for it, but it would mean we need more quick rallies the coming days. On the right we can see a range now with a potential double top even. For the H&S to work out, it needs to stay above the green support and break up within 2 days max. If that happens, it could become realistic. For now, it's just a fairy tail :)



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Previous analysis:

19 dic 2018

Nota

Double top it seems with a possible bearish wedge. Its not a beauty but its there

19 dic 2018

Nota

Double top support still holding, but looks like the wedge broke. So still not looking good here. Target of the wedge is around 29. Just a healthy correction IMO

20 dic 2018

Nota

Target of the wedge and double top is around the yellow circle