Litecoin M15: The price breaks through the upper leg of the symmetrical triangle
The formation of a symmetrical triangle indicates consolidation before a breakthrough and an increase in trading volatility. A piercing of the upper triangle leg is a positive signal indicating an upcoming price increase.
The strategy for Litecoin should embrace long positions based on this graphical representation. A trader can enter the market either at the current prices or when return to the marked resistance level is implemented.
📌 Entry: 82.77
✔️ First target: 85.05
✔️ Second target: 86.19
❌ Stop order: 80.70
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