2 day Litecoin channel, Bull trap or Bears in the crosshairs?

I'm back after viewing a very boring channel with no end in sight!
The previous jump we saw to 130, has formed a downward trend line which is soon to break in the early morning tomorrow. Litecoin is hugging the 114 line for dear life, but we've seen a large green volume bar, and a small pendent flag that coincides with the down trend nicely. This leads me to believe the large price action we've been waiting for is soon to occur. Down or up, only the market can decide. But I am known bullish on LTC, so we know which side my bread is buttered. Also an intriguing thing to look at is the Bitcoin short paired with USD. I do not know enough to speculate but I would implore my fellow Traders to look into it themselves. Will the Bears have their way again with the bulls once the top of this next breakout is reached? Will this be the E point we've all been waiting for? Grab profits in the next few hours/days at your own risk, Its your account and I ain't your fiduciary.

Keep your trigger fingers at the ready for this next price action. A channel this clear hasn't been seen in a while

Comment:

We met our target a little early and had a small pull back. It is possible for us to break the 120 line. It is imperative we hold above the 115 line. Retesting it may be okay, but not for long. LTC has to sustain above this level to show it still has clout, Especially after being taken out of 5th place for the largest crypto by market cap by EOS. Past this morning eastern time is an important time. We are still looking for the E point on the Elliot wave!

Watch your assets carefully!