BITFINEX:LTCUSD   Litecoin / U.S. Dollar
104 0
When price trends upward or downward and fits between two parallel trendlines , the chart pattern is called a channel.
The price trend leading to the channel can be from any direction. The shape looks more like a pipe tilted up or down, but not horizontal. See rectangle tops or rectangle bottoms for horizontal channels. The two trendlines should be parallel or nearly so. Both should tilt upward or both should tilt downward. Price should touch each trendline at least twice as distinct peaks or valleys.Price should cross the pattern from trendline to trendline , nearly filling the available space. Breakout Occurs when price closes outside the trendline boundary and can be in any direction(upside 57% of the time).
BUY: $46.46
SELL:$46.91 up to $47.85
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