LTC is showing a classic Rectangle. Don't miss the move.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Technical analysis of Litecoin (LTC) reveals a significant setup. The stock is trading at $54.53, down 0.22% on the day. Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $51.48, targeting $43.82 with support near $55.69 (R:R 1.82).
What is your outlook on LTC?