Litecoin is Entering a Timeframe to Watch

BitsPlan

Yesterday we looked at ethereum and saw there is reason to start watching the coin for signs of life.  In the days previous we saw the same thing about bitcoin.  This inspired me to bring up a chart of litecoin to see if the chart of this rather stagnant coin has anything to say.  To my pleasant surprise, it does indeed.  Let’s first have a look at a long term bull setup:

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This bull setup spans an almost 55 day period from May to July 2015.  The check to see if the market is respecting the setup seems to indicate that it is.  For example, note the reversal at almost the end of the 1st square (pink arrow), the drop at the 1st arc pair (brown arrow), the rise at the 2nd arc pair (blue arrow) and the successful resistance of the Gann 4×1 angle (green arrow).  Having satisfied ourselves that the setup is at least somewhat

Read more ... source: TheBitcoinNews