So what does this mean for us lowly traders? It means if you are not confident about the movement (or even if you are) a strong suggestion is the 50% rule: half fiat/BTC half LTC, when approaching the formation that could equal a leg up or down. The reason I say this is because there are exceptions, just like with anything, but the risk/reward has to be something you are comfortable with. For me I was in denial that it would leg up but still set up a few trades accordingly. Thankfully I did but that simply means I missed out on a lot of potential growth because of my stronger belief it would go down. Hindsight is always 20/20 as they say but it also makes alot more sense, and I have better grasp of what to look for in "real time". That also being said LTC has a strong propensity to reach back to its "lower peak" ranges before further upward travel, or, hopefully, in this case, continues travelling lower haha!
I hope this observation helps you in the future!
What do you guys think?