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Author Topic: Litecoin - What will be the next move of Bitcoin little brother  (Read 21 times)
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June 11, 2018, 09:18:16 PM

Since February, LTC/BTC is inside a descending triangle as shown below with the purple and red lines

The support level of this triangle seems to hold quite well due to the fact it have been tested several times in the last months. And Today LTC is testing this support.

We will see if this support hold.
If it doesn't, the next support are at 0,00143 and 0,00138.

If it hold, we will test the top of the triangle which is really close because we have reached the tip of the triangle. If we break upward, the next resistances are at 0,0165, 0,0167 and 0,0177.

either way, if we break downward or upward, the next move of LTC could be huge (either down or up respectively) due to the fact there was some accumulation of coin lately.

We will see soon how this next move will play. But BTC will influence this move as BTC remains the king!

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