GeorgeChart

LTC/USD Short term breakout

COINBASE:LTCUSD   Litecoin / U.S. Dollar
On 15 minute chart, just broke out of a short term triangle which was below previous support level (post New Year run). Chance we can run back up to yesterday's downtrend line of 245. A lot of uncertainty over the past few weeks. Would be huge if LTC could break through to the next level of support or to the Dec 1 Fib line. On flip side, this could be a pre-lunch run before the day traders sell back to the triangle before lunch.
Comment: Edit. 242 would be back to trend line. FYI, there's a 3K wall at 243
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