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Litecoin: Descending Triangle

LTC/USD, 1 day    SHORT Mar 30
1020Mar1020Apr6065707580859095100105110115120125130135140145150↓ resistance ↓↑ support ↑breakoutLTC/USD · 1D · 30 Mar 2025
We can see that the price develops a descending triangle and the price is ready to break out soon. A descending triangle typically results in prices are likely to keep falling downward in case if price collapses through the support line. There is a probability of a move towards 80 on a break below 86 as the mood may get worse.
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