BITSTAMP:LTCUSD   Litecoin / Dollar
option 1
Long now at 250.9
Cash stop at 240
If it breaks and holds middle ascending line then trail stop along this line

Option 2
Wait for retracement to lowest ascending line (Stop Loss Line) Enter with tighter stop here

I will update in a few hours when I see what happens
Hi Keith is there still a chance it can retrace back to $200 area?
a1Keith StephenPollock
@StephenPollock, Hi Stephen, It could be on its way there now. This wedge is a confluence of lines . If the downward channel is stronger then it will hit the bottom of this channel at around 178.
Therefore I will wait and see if the upward channel has any significant influence. It is of longer duration so it may be stronger. So I will look for the pattern that forms around 229
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