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btcdrak
Jul 3, 2015 1:10 PM

Chikun Wings? Long

Description

LTC/BTC seems to want another leg up. If we repeat the pattern of flags, hidden bullish divergences and near vertical take off, this is what is could look like.

This is litecoin, so anything can happen (like end of pump cliff drop, or shakedown then pump), so stops and risk management accordingly, but we've got the litecoin halving meme/expectations giving plenty "justification" for the rise. Litecoin market makers have plenty "fundamental" justifications to carry on this rally.

Halving is in roughly 54 days according to litecoinblockhalf.com/

Comments
oleg.golubovich
So where's your entry point? )
btcdrak
My entry for this round was $4 on a different chart
but I'm not terribly enthusiastic to be in leveraged trades until the BIP66 fork business resolves (where major pools have not been validating blocks, and produced a bunch of invalid blocks causing a longer chain fork). I mean, it should all be OK but you never know...
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