zippy1day
Long

LTC Ascending Triangle

BITFINEX:LTCBTC   Litecoin / Bitcoin
546 6 8
I suspect everybody including myself waiting for a pop on litecoin, so this is what might happen?
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_continuation
Trade ist aktiv: This is a buy in anybody's books!
Trade ist aktiv: Zoomed in nice little Eve & Adam forming?
Trade wurde manuell geschlossen: Cut my losses as looking more like Triple Top:-
support broke
OUTSIDE triangle now./
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@cbarkly, Yes I agree it has broken support but also bounced off falling wedge so hoping this a "bull wick" and we retrace from here anything yes will be bearish!
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looks good. if btc however goes on another run we could see this formation go to shit, our trendline could also break. keep your eyes peeled
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@powr, @zippy1day, Your right of course if you believe btc still coupled at the hip, I am hoping this will be broken as all alts start to rise out of phase with bitcoin?
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Sorry, I'm a noob. Does your graph suggest that LTC will probably hit low below 0.010200?
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zippy1day RevillezaLex
@RevillezaLex, If which I believe it could be an "Ascending Right Triangle" then this is a bullish pattern and so that target which I do not recognise is unlikely but not impossible!
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