Litecoin is trying to break out of a flag pattern and break through it's two week resistance level.
In my article Bitcoin on the move I showed how cryptos across the board are all setting up for a flag pattern. Litecoin has recently broken up from this pattern and is testing a level of resistance from it's previous April 3rd high.
I'm not sure what's going to happen, but it's going to be difficult to break through this high during a bear market environment.
Let's see what happens
Thanks for reading!
Disclaimer: I am not a financial advisor. The articles that I write are for educational purposes only. Do your own research and hold yourself accountable for the investments that you choose to make.
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