- Bulls overtake bears for the second day in a row.
- LTC/USD market charts a triangle and is preparing itself for a bullish breakout.
LTC/USD bulls overtook the bears for the second day in a row. The overall value of the market increased by 0.81% based on market speculation. Technical analysis shows that the market is getting more volatile and is primed for a bullish breakout from a triangle.
LTC/USD daily chart
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The upward and downward trending lines form a triangle. The LTC/USD market is on the verge of a breakout from the triangle. The 20-day Bollinger band shows us two things:
- The market is getting more volatile.
- The last two sessions are touching the upper band. This shows that the market is bullish.
All these indicators show that the breakout from the triangle is likely going to be bullish.
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