LTC has lead BTC many times in the past, and we are seeing some nice moves from other coins in the market. However, We're going to need to see BTC follow suit in the near future. With that said, if LTC can close today's candle above the neckline (in green,) and hold it as support, we are likely to see a swift rise to the "major overhead ," around 47-49.
We know that Bitcoin is forming what appears to be an inverted pattern. This move in Litecoin, is showing us that the market wants to break out to the upside. It is a clue that increases the likelihood that BTC will complete it's pattern.
Ps. Litecoin is the right coin! =D
I'm the master of the charts, the professor, the legend, the king, and I go by the name of Magic! revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***