Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
Litecoin’s near-term outlook seemed favorable as the alt closed in on an ascending triangle breakout. A northbound RSI, bullish crossover on the Directional Movement Index, and an uptick in 24-hour trading volumes backed such predictions.
However, some near-term bearishness would begin to seep if LTC fails to close above the upper trendline. Sellers would…