LTCUSD 1h - Showing a triangle pattern - fib retracement

12 Kas 2017

After the recent spike in price due several reasons (one being LTC entering the Korean exchange?), LTCUSD is showing triangle pattern towards perhaps a consolidation level. This level also happens to be located at a fibb retracement level. Where the price will go at the end of the triangle is unsure but it might proof to be a new strong resistance/support level.

Let me know our thoughts/ideas. If you have any comments or questions please let me know!

Cheers!