FieryTrading

🔥 LTC Massive Bearish Triangle Pattern

BINANCE:LTCUSDT   Litecoin / TetherUS
Over the course of a year, LTC has formed a massive bearish/descending triangle pattern.

I'm expecting huge selling-pressure to occur at the top trend line of the triangle. LTC has been underperforming virtually all other tokens, so a lot of traders want to dump this token. We'd need some serious price action in order to see a >$300 LTC again this market cycle.

Nevertheless, this is crypto and everything is possible. I'm watching the top trend line for a potential short entry.

Happy trading!

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Feragatname

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