Trading almost identical LTC, ETH appears to be forming a bear pennant. I expect it to break lower sometime within the next couple of hours but potentially farther into the day. The pennant was formed from a slide and price, therefore I expect the formation to break to the downside. If it breaks with enough force in either direction I will trade accordingly. It's...
Currently, LTC appears to be forming a pretty obvious bearish pennant pattern. I expect a strong one-sided move within the next couple of hours, likely towards the downside. Whether it breaks bearish or bullish will be determined by which trendline is broken fist and the magnitude of that initial break. I want to see it carry at least 4 dollars (arbitrary number)...