litecoin is still on a bullish trend.
We are currently in an expected correction period.
The chart shows clear support and resistence levels.
It is also in a bear wedge, so it's possible within the next few days we'll see a more extreme retracement before the next leg up.
Looks that the peak is $388 on the upper channel and $400 on the lower channel.
After that we could see a more extreme pullback.
But this is the world of alt-coins and these patterns don't always hold true to TA, so who knows what could really happen.
Best of luck out there.
We are currently in an expected correction period.
The chart shows clear support and resistence levels.
It is also in a bear wedge, so it's possible within the next few days we'll see a more extreme retracement before the next leg up.
Looks that the peak is $388 on the upper channel and $400 on the lower channel.
After that we could see a more extreme pullback.
But this is the world of alt-coins and these patterns don't always hold true to TA, so who knows what could really happen.
Best of luck out there.