LTC Breaking the Wedge  Path to $150+
2025-01-22
Category: None

Pattern 
The price is confined within a falling wedge, gradually narrowing towards the apex.

 Current Situation 
The price is testing the upper trendline, indicating an attempt at a breakout.

 Potential Action 
A confirmed breakout will be signaled if a 4-hour candle closes above the trendline.

 Target 
A breakout from the wedge could drive the price towards $150+, as the wedge's height suggests potential upward movement.

 Stop-Loss  
Placing a stop-loss below the recent swing low or the wedge's lower boundary can manage downside risk.

This setup suggests waiting for confirmation before entering a long position to capitalize on the expected bullish momentum.