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LTCUSDT - Trade Opportunity

Litecoin / Tether USD (POLONIEX:LTCUSDT)  
grsatt Updated   
POLONIEX:LTCUSDT   Litecoin / Tether USD
Trend Analysis LTC LTCUSDT
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trendanalysis ltc ltcusdt
LTC rejected head and shoulders completion with a solid bounce. Seems to be forming a pennant - look for upward confirmation to the short term channel top ($47-$48) if it can break pennant resistance line
Comment:
Broke the pennant upwards as predicted- confirmation of breakout when price passes local top (~ $44). Price movement to short term channel top ($47-$48) seems likely once that occurs. If price breaks that resistance, my target is set around $55 (marked as midterm channel top on chart).

RSI neutral value of 52 and upward trend showing room for price growth. Finally, we see a TK cross on the 4HR chart (bullish signal).
Trade closed: target reached
Comment:
Surpassed the short term channel top with bullish candle. Movement into the mid 50's likely. Longterm bull on LTC given all of these bullish signals.
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