Pattern: Triangle
There is evidence of a long term triangle pattern in Litecoins 30 minute chart. Since we are in an long term upward trend I believe the Breakout will be very Bullish, but like any other trade the market will decide the outcome.
Recommended Guidlines to Follow:
- Wait for the Break Out
- Open your position by following the trend
- Set your target limits
** Always set your stop losses when long
Happy Trading!
CryptoTA
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.