Bull Wedge Pattern in Litecoin

Litecoin / U.S. dollar BITSTAMP:LTCUSD

quantguy

Litecoin seems to have found stability in the $70’s, bounded from above by $73.62. We appear to be seeing a bull wedge pattern forming as observed in other crypto assets. If we are able to breakout from here, the first level of resistance is $77.39, then our ultimate target is $85.08. We have a way to go before recovering to the $100’s, but this will be a good first step. If things turn south we will have support again at $55.84.

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