$180 will be tested IF we breakout of this symmetrical triangle!

Keep an eye on this! Risky trade, but could be very rewarding! Place a stop below the triangle around $140 and let's see...

Obviously, it would be safer to wait for the breakout and re-test to trade this pattern, but do what makes sense to you. Best of luck!

Comment:

Here we go! Move stops to breakeven and lets see what we get!

Comment:

I'd recommend moving stops up to whatever take profit area youd be comfortable with...pushing up against mega resistance here...loose enough to catch more upside, but tight enough to turn a profit if the rally stalls.

Comment:

So far so good...just keep moving your stops up as we rally.

Trade closed: stop reached:

Stopped out at $161.00. Looks like we are failing at the downward sloping MA's.

Comment:

LTC appears to be breaking out of the downtrend. Looks like "Buy the Dip" is back!