LTCUSD Going Up One way or another
LTCUSD might either complete its current small bull flag and then break its ascending wedge to begin its next impulsive movement, or go one more down until it hits the trend line (yellow) and then go up
or
if the trend line can't hold, LTC might want to hit ascending wedge's support line one more time (around FIBO 23.60% , 126.05) and then go up.
Nevertheless, it is going up. I hope it won't test the ascending wedge's support line by breaking the trend line once again but even in that case I wouldn't panic and buy more on every dip.
Volumes are not supporting a big movement at the moment but once one of the mentioned formations triggered, I believe volumes will quickly rise.
When LTC save itself from the ascending wedge, you can expect a new rally that might at least reach the previous high after some consolidations of course.
or
if the trend line can't hold, LTC might want to hit ascending wedge's support line one more time (around FIBO 23.60% , 126.05) and then go up.
Nevertheless, it is going up. I hope it won't test the ascending wedge's support line by breaking the trend line once again but even in that case I wouldn't panic and buy more on every dip.
Volumes are not supporting a big movement at the moment but once one of the mentioned formations triggered, I believe volumes will quickly rise.
When LTC save itself from the ascending wedge, you can expect a new rally that might at least reach the previous high after some consolidations of course.
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