LTC is making it's way out of the downtrend channel

Diupdate

I think LTC has just made it's way out of the downtrend channel. I've seen a lot of charts that had LTC out of the channel already, and had the channel as more of a wedge. This parallel channel makes good sense to me, and price action responds beautifully to it. LTC broke through once before but was quickly slammed back in, now looks to have found support on the line.

Catatan

If LTC can hold this uptrend line and remain above the top of the downtrend channel, then there is the possibility that this small inverse head and shoulders can give us a retest of the 255 area

Catatan

If LTC breaks back down through the uptrend line and the downtrend channel, then there is the possibility that we can retest the 170 area in ABC correction

Catatan

interesting price action this morning, uptrend line has been broken down, testing downtrend line for support

Catatan

potential triangle broken?

Catatan

i find these similar fractal triangles, last one broke up, this one broke down, will be interesting to see what the result of all of this is. I'm getting mixed signals

Catatan

tradingview.com/x/XsGIvSli/after a long battle at the trend line, we finally may have the answer we're looking for. trying to close a 4 hr candle

Catatan

had some technical difficulties, but for the moment it looks like LTC may have chosen a direction

Catatan

if this head and shoulders breaks down, target of 160-165 ish looks to be confirmed

Snuby3

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