LTC Breaks downtrend - $300 Target

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
LTC blew past the downtrend line with multiple four hour candle of significant price gains.
This bullish breakout follow two bearish wedge breakouts.
Next level of resistance is at the $300 price range. Market conditions seem optimistic so I think waiting for a fallback to $177 range is greedy.
I could foresee a cup and handle pattern with a pullback to about $195 and then another bull run to $300.
Bullish market all around.
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