This is logarithmic chart, and yes these are fibs.
The overlay is a segment from 25. Jul 2013 to 25. Jan 2014.
Charts are by nature fractal, so in a way history repeats itself and shows us that our minds work the same way and the patterns repeat.
This time around the scale is much grater, but proportions stay the same and this is the mark of a fractal.
Simple and accurate strategy with insane results if the TV strategy tester works correctly (which I seriously doubt)
If you can improve the script to skip the noise entries spanning less then 4 USD from each other please let me know.
Of course BTC movement is crucial to LTC behavior, so it all depends on what BTC will do.
Breaking .02 resistance would hint the next major step up. But we have to mind other alts like DRK, BC, NXT and maybe some others competing with LTC this time around. Features that are provided with other alts are significantly advanced compared to LTC being only a scrypt...