Litecoin in Ascending Triangle pointing up to $44

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
As you can see LTC has been trading within an ascending triangle . This should break above, rather than below. Targets indicated on the chart.
Comment: LTC may be moving above the upper line of the triangle, at the moment trading above 35,3$, BUT BTC hasn't moved yet, so, we know that Bitcoin dictates major moves, and until it breaks out of its triangle this should be observed only.
Comment: This move is confirmed. Targets between $42 and $44.

LTC/BTC went straight up to the previous resistance up to a Satoshi basically.

If we take this resistance into consideration and add expected move up to $44 area, this suggests that BTC now needs to move up in order to push LTC up to its target.

Bullish signs, although caution advised.
Comment: Just like we mentioned today, BTC had to move up to allow LTC to continue its rise. BTC at 4200 right now, LTC $41. Target in sight.

Comment: that was close.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out