TheGlitch
Panjang

LTC/BTC Flagg Pennant Pattern potentially on wave 5.

BITFINEX:LTCBTC   Litecoin / Bitcoin
177 0 5
I have been bullish on LTC for a few days now. Daily chart looks excellent and now the 1 hour chart formed a Bull-Pennant.
The stop-Loss is if the price violates the support of the pennant .
Exit at the resistance pivot 1 created.
Entry: Either when it tests the resistance OR on the 50% fib retracement - drawn from the beginning of wave 5.

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