Litecoin consolidation triangle

Litecoin upside swing 

 

Litecoin reacted from a well-known long-term support 140. This is also now a long-term triangle consolidation support and the space for an upside swing is now widely open. A break above 166 will lead to continuation higher and a test of 233 in the coming weeks. Among other cryptocurrencies which are also turning higher, this might be the best risk to reward trade entry.

Note: look for the long trade entries with the stop loss below 150

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Litecoin trading analysis

 

 

 

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