Litecoin (LTC) Bullish Ascending Channel

5 May 2017

Litecoin (LTC) has formed a new Bullish Ascending Price Channel on 15 minute and 5 minute candles. Support is moving up and LTC is revisiting some key resistance areas from this afternoon and yesterday. Remember the market likes to go where it already has been. Crypto's are very strong right now both ETH and BTC at ATH. Look to segwit completion, coinbase adoption, and lightning network implementation as catalysts for LTC price action. Ive put in some key resistance levels that im looking to see retested.