Major resistance at $39
Moving inside a symmetrical triangle
Major supply zone and downtrend resistance at $39.
Will require a lot of strength to break up here.
More likely and healthy to get a retest of the S/R flip at $34.50 or revisit the triangle support, which is currently at $30.50 (and moving up).
LTC is currently dragging the altcoin market and keeping BTC at it's feet. A break and close above $39 will likely trigger a relief rally for crypto.
Don't get caught in the bullish sentiment. Until we manage to break $39, we're still at resistance in a neutral structure with higher lows and lower highs during a larger downtrend.
Major supply zone and downtrend resistance at $39.
Will require a lot of strength to break up here.
More likely and healthy to get a retest of the S/R flip at $34.50 or revisit the triangle support, which is currently at $30.50 (and moving up).
LTC is currently dragging the altcoin market and keeping BTC at it's feet. A break and close above $39 will likely trigger a relief rally for crypto.
Don't get caught in the bullish sentiment. Until we manage to break $39, we're still at resistance in a neutral structure with higher lows and lower highs during a larger downtrend.
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