LTC Renko decending wedge shows potential bottom and price

Looking first to the left on this daily extending back, there isn't much left to the imagination on the left side. The real question is whether a higher low here will signal a breakout above the wedge. Whether this happens may depend on how much truth there is in the BTC parabola. It's not shown here, but if memory serves, if we range from this point for a couple of weeks, and if the market behaves as the parabola says it should, the tangent will raise the bottom for all coins regardless. Failing that, this wedge at least provides a view of a long term trend support which, though very low against expectations for this cycle, will likely, for what it's worth, remain unchallenged.