The Litecoin price has been sinking since Jan 17. It is trading inside a symmetrical triangle, of which it looks close to breaking out to the upside.
Litecoin Highlights
The Litecoin price is trading inside a symmetrical triangle.
It is facing resistance from the 200-day moving average (MA).
The RSI supports a price increase.
The closest resistance area is found at
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.