We have a bullish flag. our sharp increase beginning around Apr 1st through the middle of may supported by strong volume. Our flag pole runs up to our peak, beginning the pennant, which is looking to converge around $30 within the next week. We see strong consolidation over the last few days in this price range. Once the pennant converges, look for a breakout...
This is a near textbook cup with handle, albeit on a shorter time line (as is the case when trying to read most crypto charts). The support for LTC seems to be around $25 - 25.50. The handle is forming nicely and as long as we don't bust through $25, the breakout should be coming soon.
