As you can see on the chart, Litecoin actually broke out of this enormous that has been forming for 5 years on the chart against bitcoin . It broke out a couple of times but couldn't hold the price and fell back into the on the support trendline. Lets see if it can bounce off the previous resistance, but I highly doubt it. I expect LTC to retrace back into the and bounce off the support line of the and see a huge spike to the upside. Target of the outbreak could be in 0.04 - 0.045 Satoshi range.
I also discovered a huge inverted pattern that could possibly play out.
What do you guys think?