Crazy action right now, we broke the wedge pattern drawn from our daily chart and price promptly returned to former resistance and it looks like now support. We can see the uptrend lines starting to distinguish themselves so if they break that might be a good time to take profits. Wait until the candles actually print though before panicking. Right now, the uptrend remains intact. However, BTC looks scary and I don't know how the market is going to respond if there is more profit taking there. I think we're good but monitor the uptrend on the indicators and price and be ready to take profits if they break. On the positive side DI+ is looking good and the ADX is just waiting for price to breakout to start going. Good luck.
I just woke up and it looks like all our uptrend lines have been broken. I still am holding my LTC longs but not really into the price action we have seen lately. I'm looking at our daily candlestick and if it printed right now it would signal a reverse from the uptrend and signal my exit. I would say we have to close about 45.70 (previous day's opening) if I'm going to continue to hold. Likewise, the line of the sand within the wedge looks to be at ~45.05. If a 4HR candle closes below that line I'll probably sell as well. Otherwise, I think the uptrend is still sorta intact and I'll continue to hold and update the charts as I see them develop. Good luck.