Technical analysis by Bitgolder about Symbol LTC on 2/23/2025

As you can see Litecoin is still out of the wedge. It looks like also on the BBWP a large move is coming. It doesn't tell us which way. You can see the two potential scenarios. The blue line shows that Litecoin could make a move back up to the trend line it may get rejected there but it also may break into the the wedge and then break down in a fake out. The other scenario would be it breaks into the wedge then breaks above that white trend line and stays above that, which would indicate to me that a downside break probably wouldn't happen. Just keep an on those levels. I would think this move happens tomorrow and Tuesday. I have buy orders down around 101-104. I also have a few down at 95-101 in case of a stray wick. In my opinion its a good opportunity to stack more. None of this is financial advice just my opinion. Follow me for more continued updates and charts of your favorite coins. If you have any requests let me know and Ill try and do a chart and analysis for you. Thank you and have a wonderful day.Its looking ugly