MFFD
Long

LTC Litecoin Daily pattern - Falling wedge: breakout imminent?

BITSTAMP:LTCEUR   Litecoin / Euro
On the daily we see a big Falling Wedge pattern arising. The breakout will be soon ... within now and the next 3-4 days very probably. The price will probably rise with an amount of 45-50 Euro (55-62 Dollar) ... assuming that usually the rise at breakout is almost the same as the price difference between low and high price at the start of the wedge .

The current price may still fall somewhat below the support line at 131 Euro , but not much.
thanks for the idea. I see more a downward channel on the 4 hour chart pushing down to 115 euro.
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