Litecoin is pretty much in the same spot as Bitcoin , in a descending wedge but at least with LTC we also have bottom support with the 4/1 Gann which is making the lower part of this descending wedge pattern.
There is a Fib time on the 24th of Jan 2022 that could play out to lines up with the end of that wedge but I doubt we will grind down to the tip of the wedge .
Sometime in the next 14 days we will find out if LTC starts its bear market we already can count this price action unfortunately creating a lower low for the daily which is not good at all.
There is a Fib time on the 24th of Jan 2022 that could play out to lines up with the end of that wedge but I doubt we will grind down to the tip of the wedge .
Sometime in the next 14 days we will find out if LTC starts its bear market we already can count this price action unfortunately creating a lower low for the daily which is not good at all.
Note
nice close above the 4/1 Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.