LTC back in the bear flag within a greater falling wedge

despite the very bullish move recently, LTC met resistance of the greater falling wedge and fell back into the bear flag. LTC might attempt to retest the channel resistance. If rejected from resistance , it will form a head and shoulders whose measured move is $40.5.

If price fall below the bear flag it means a bearish continuation to the $30 levels.

Kommentera:

LTC retested the bear flag resistance and broke above the falling wedge with volume. This is bullish.