LTC Breakout retest then go ?
Crazy action right now, we broke the wedge pattern drawn from our daily chart and price promptly returned to former resistance and it looks like now support. We can see the uptrend lines starting to distinguish themselves so if they break that might be a good time to take profits. Wait until the candles actually print though before panicking. Right now, the uptrend remains intact. However, BTC looks scary and I don't know how the market is going to respond if there is more profit taking there. I think we're good but monitor the uptrend on the indicators and price and be ready to take profits if they break. On the positive side DI+ is looking good and the ADX is just waiting for price to breakout to start going. Good luck.
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