Smoak
Short

Updated Litecoin Chart

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
I missed a major trendline on my last litecoin chart. I've added that line and tried to be more accurate on the others.

I've mapped a potential direction on the chart. Another possibility is that Litecoin makes a major move and jumps above the trendline ( bitcoin             did this). If that happens I think we will see a push towards 175.
On the lower timeframes we can see that Litecoin has broken through the trendline I had previously identified. It is also above the 200 MA on the daily. Very bullish signals!

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Here is a closeup of the chart I posted several weeks back. This chart has been pretty accurate so I'll stick to my original prediction. That said, if litecoin can somehow manage to break through the trendline that would be a very big buy signal. Hope this helps some of you.

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