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19.11 - 19:29
Litecoin flashes chances of a 15% surge thanks to this ascending triangle
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Litecoin presents chances a 15% jump following an ascending triangle setup on its chart. The RSI, MACD and DMI underpin LTC’s ascent and present no correctional threats moving forward. Should LTC register a decisive close above $205, September’s local high of $224 could be its next destination. At the time of writing, LTC traded at $200.9, up by 4% over the last 24 hours.
Source: LTC/USD, TradingView
Litecoin’s ascending triangle came to light after the price formed higher lows at $177, $186 and $192, while snapping two highs at $204. Now, as LTC approached the upper trendline of its triangle, the candles traded above their 4-hour 20-SMA (red), 50-SMA (yellow) and 200-SMA (green). With momentum aiding the buying side, LTC was in prime
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