LTCUSD was identified at around 84.6 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Falling Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 85.9189 level.
LTCUSD – approaching a resistance line that has been previously tested at least twice in the past
