Hi, Steemians…
The fact that litecoin moves after Bitcoin is known to everyone. Therefore, looking at the movement of the Litetcoin course, one can judge where Bitcoin is going. Now a pattern has been developed on the lightcoin chart that tells us where the price of the coin will go.
We look at the stock chart of the coin. Timeframe 1 day.
On this exchange chart, a pattern is clearly visible, which is called the "Ascending widening wedge". This tells us that soon the price of LTC will begin to fall. Therefore, I believe that in the near future the price of a coin will drop a little. This pattern is true and works at 90%..
The rule says - if the asset price rises twice forming at the same time an ascending expanding wedge, then after that we should expect a price break through the lower wedge boundary.
Therefore, all LTC holders are required to be very attentive.
On the other hand, the price of liitecoin is very low, so do not be afraid that litecoin will drop a lot.
Thanks for reading!
Good luck !!
Thanks for support!
A formal disclaimer
Some of the posts might contain our opinion on trading strategies based on our technical and fundamental knowledge. However, please, invest at your own risk. We can’t be held responsible for any losses.