Litecoin (LTC) Chart Best Explains Both Bullish And Bearish Scenarios For Cryptocurrencies

Source: Cryptodaily.co.uk, originally published on .

https://cryptodaily.co.uk/2018/07/litecoin-ltc-chart-best-explains-both-bullish-and-bearish-scenarios-for-cryptocurrencies/.

Litecoin (LTC) Chart Best Explains Both Bullish And Bearish Scenarios For Cryptocurrencies

Litecoin (LTC) is trading in a triangle with a high likelihood of breaking out in the days ahead. The price is currently at a point where it has almost equal space to move up or down in response to the overall market trend. If the bullish scenario prevails, Litecoin (LTC) will start reaching towards the top of this channel and probably escape it after some resistance to mark a new high. On the other hand, if a bearish scenario prevails, Litecoin (LTC) will fall below the triangle to settle at the bottom of this channel.

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