Litecoin ready to break-out

Litecoin has been forming a triangle in the last couple of days/weeks. A triangle can always mean 2 things: either the price is going up or the price is going down. With that in mind I think this is an perfect example of how to combine fundamental and technical analysis. Since the overall market sentiment is becoming more positive each day I think this triangle will indicate a bullish price.
Also, it looks like LTC bounced of the support line (see point E) just now.

For questions and notes, please comment below.

Komentarz:

The breakout is now confirmed! I also found a new (strong) resistance line. Combine this resistance line with Fibonacci then you get a clear target, so for now:
Target 1: $238

Komentarz:

I came across another pattern which would indicate a bearish movement: the bearish diamond. The bearish diamond top is often overlooked because it happens so infrequently.