Toothpickle
Panjang

Bullish Flag/Pennant LTC 1D

COINBASE:LTCUSD   Litecoin / Dollar
We have a bullish flag . our sharp increase beginning around Apr             1st through the middle of may supported by strong volume . Our flag pole runs up to our peak, beginning the pennant , which is looking to converge around $30 within the next week. We see strong consolidation over the last few days in this price range. Once the pennant converges, look for a breakout and continuation of the sharp run up that or4iginally occurred. We use the height of the original flag pole to set a target. This chart formation is best read over a 12 week period, meaning we could see a target of ~$65 by the end of June.

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