Litecoin looks great on a 1D chart as you can see the three drives pattern in effect. There's no telling when just yet but at some point we should be testing the top and seeing a breakout to the ATH's. Look for consolidation inside the support/resistance before an attempt to break the top. End of the triangle would be right aroud July 17th - there is some time we could go sideways.
Comment
⋅
shaping up much like Aprils bottom. Accumulation should almost be over with as we ascent to the top and hopefully through!
Also worth bearing (pardon the pun) in mind the alternative view here, which would be to use the lower peaks instead of candle bodies for the support line. In that case we could actually be witnessing a bearish descending triangle having just broken out to the low side!
withoutwings
⋅
Good spot; though I personally would put that top resistance diagonal linking the three subsequent peaks and ignoring the first spike (this way we can do an ABCDE Elliott wave pattern count too). Essentially wedge outcome is the same but it may improve the timing for the call of "breakout" when it happens.