Litecoin stuck trading in channel on the 4 hour chart. Returned to strong resistance at $113 but forming descending triangle on 4 hour chart with an apex occurring tonight or tomorrow morning. Wicks could go sub $100 - potentially even as low as $80 - but I don't expect them to stay there for long. My buy orders are set at strong support zone of between $100...
I see a potential ascending triangle forming on LTC. Conservative play would be to buy breakout with volume above ~$118.30 with a target sell of ~$121. Recommend keeping stop-loss tight.
I see the potential for a Head and Shoulders pattern for Bitcoin. If my EW counts are correct, I think it is likely that we will retest $10,800 - $11,000 in the short term before falling back down to test the shoulder line. Very possible that support will not hold. If pattern completes and breaks below shoulder line I see Bitcoin retracing back to $8,800 before...