LTC - falling wedge pattern.

17 Mar 2018

LTC/USD is forming falling wedge pattern.

All in place:

**Price Trend** — Can be any direction leading to formation.
**Shape** — Price follows two down-sloping and converging trendlines.
**Touches** — Price should touch channel at least 5 times - 3 touches one side and 2 touches of the opposite side.
**Volume** — Trends downward 72% of the time.
**Breakout** — Can be up or down however 68% of times is upward. Breakout happens usually 58% of the way to wedge apex.
**Confirmation** — Pattern become valid once price close outside of channel.
**Price Rise/Decline** — On average 32% up (upward breakout) or 15% decline (downward breakout)

Credit - Thomas N. Bulkowski


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This information is not a recommendation to buy or sell.

18 Mar 2018

Not

Touching support line

18 Mar 2018

Not

Wedge broken downwards

18 Mar 2018

Not

LTC/BTC broke massive rising wedge on daily chart. Be ready for drop to continue.

19 Mar 2018

Not

Back to the wedge. False breakout.

20 Mar 2018

Not

Touching resistance line. We are exactly 60% of the way to wedge apex - place where breakout usually happens.

21 Mar 2018

Not

Wedge broken.Now let's see if LTC reach oyr target 227$

22 Mar 2018

Not

Bullish flag

22 Mar 2018

Not

or early H&S

25 Mar 2018

Not

H&S turned to be descending triangle

Probably LTC going down