Litecoin, Sufficient Breakout Develops When Formation Completes!

Hi,

Welcome to this analysis about Litecoin, we are looking at the 45-minute timeframe perspective. Since Litecoin recently formed the breakout above important resistance zones I discovered an interesting formation that can be worthwhile in the next developments. As shown in my chart Litecoin is forming this main descending-triangle-formation marked with the boundaries in blue, within this formation Litecoin has the coherent wave-count and when this wave-count completes with the wave C and Litecoin manages to bounce in the lower confirmational-bounce-zone this can lead to a great breakout with the activation of further continuations, therefore it is necessary that Litecoin shows up with the proper bounced and finally closes above the upper-boundary.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the market.