Litecoin in Ascending Triangle pointing up to $44
Aktualisiert
As you can see LTC has been trading within an ascending triangle. This should break above, rather than below. Targets indicated on the chart.
Anmerkung
LTC may be moving above the upper line of the triangle, at the moment trading above 35,3$, BUT BTC hasn't moved yet, so, we know that Bitcoin dictates major moves, and until it breaks out of its triangle this should be observed only.Anmerkung
This move is confirmed. Targets between $42 and $44.Anmerkung
LTC/BTC went straight up to the previous resistance up to a Satoshi basically.
If we take this resistance into consideration and add expected move up to $44 area, this suggests that BTC now needs to move up in order to push LTC up to its target.
Bullish signs, although caution advised.
Anmerkung
Just like we mentioned today, BTC had to move up to allow LTC to continue its rise. BTC at 4200 right now, LTC $41. Target in sight.Anmerkung
that was close.
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