2hr Wedge Formed / Channel Violation

BTCE:LTCUSD   Litecoin / U.S. Dollar
629 0
LTCUSD violated the channel at 24.52 its back to its 23.50-22.78 support zone and forming a wedge . It can break from this either way though the conventional wisdom is to be bearish .

I wach price action only no biases. If it breaks down its heading into a major level at 21.85. If it break up from the wedge would like to see it retest the outside of the channel but nothing is promised.

Bearish Target is to 16.88 - 17 Area should the 21.85 level fail.

Bullish Target is to 27
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