LTCUSD trendline Technical Analysis and BTC pair convergenge

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Litecoin (BITFINEX:LTCUSD)

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BITFINEX:LTCUSD Litecoin

trendanalysis potentialbreakout ltcusd ltc

Seen here is another take on the pennant that has been developing for some time now but has still yet to develop as of yet. However in comparison to the LTC BTC trading pair there has been the development of a falling wedge simultaneously. These converging patterns could suggest a massive appreciation in value of LTC over both BTC 7.03% and USD which could develop within the next few days so this is definitely a trading pair to keep an eye on. Suggested buying zone would be just above the descending resistance line as that would be a positive indicator of breakout and upward trajectory.

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See convergence of BTC pair here

LTCBTC trendline Technical Analysis and USD pair convergenge

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