IF it breaks through that resistance line, that my lay precedence for us to see new all time highs that may be well north of $1,500 USD on 1w (weekly) BTC/USD chart before the end of 2016.
I do believe LTC/USD and BTC/USD will rise proportionately in percentages ( */- 3% ) on the 30-Day averages. They are already within that range now. 21.43% BTC/USD and 20.19% LTC/USD at this writing.
I'm going to start looking through several Alt Coins . I will give updates on those coins in which I see Wyckoff's cycle to a SPRING coming to fruition.
Once those coins are found and the SPRING plays out to a BREAKOUT, one can use other indicators to look for possible shakeouts, breakouts, etc...
BTW, thanks for commenting and happy trading.
I should never have posted something I know absolutely NOTHING about.
It's also quite possible LTC whales are using LTC to accumulate more BTC. I'm staying away from LTC.