Litecoin is looking really good. I am really curious to see how this next week plays out. I still feel BTC dominance will keep falling allowing Alt-coins to freely move less influenced by BTC. I still really would love to see LTC come down to $25-$30.
@SpartaBTC, The lower downtrend acts as a support for the diverging triangle. She is very important for observation. On it is the turning point of the price. If its price is now breaking down and fixing below it, this will mean that the figure will not form. Then trade from trending in a downward channel .
The second downtrend line is the resistance of the downward channel (upper boundary of the channel). If the price breaks through it again and is finally consolidating, then this will most likely mean that the trend is finally reversing upward. This is how the complete formation of an expanding triangle will break through it and reverse the trend. The goals there are impressive for such a highly liquid coin. It is very important in such formations to observe the change in volume .