Litecoin (LTC) Technical Analysis: Bullish Falling Wedge Looking to Breakout Soon

is looking promising going into this week despite the #4 cryptocurrency currently being stuck in a strong downtrend after peaking at 0.0177BTC on June 12.

At the time of writing, LTC is down 3.01% against the US dollar and trailing behind by a further 3.27%. Trading volume has also shown a marked decrease over the last week, as Bitcoin’s surge above $9K pulled investors away from the altcoin market. But it’s not all doom and gloom, as the asset continues to track inside a bullish falling wedge pattern.

Litecoin (LTC) Price Analysis

On the 4-hour chart we can see…

This article appeared first on Cryptovest

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