I thinks news flow over the next few days will be the deciding factor on if this breaks to the upside or the downside. Currently I think it could go either way. I will wait and watch closely.
@mccd72, Yes it did and I wasn't watching when it happened... I took a hit not being ready. I was holding long thinking the uptrend it was following would hold stronger...
RonNguyen
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This is not Wedge
tymehl
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@RonNguyen, Agree it is not your prototypical Wedge. But it is a wedge pattern and the price was being "wedged" along its current rising uptrend line. LTCUSD chart is still in that wedge form. The LTCBTC chart broke up above that.