Litecoin - Breaking out?

Hey guys,

Here we have a 4H chart of Litecoin/USD
LTC is currently attempting a breakout at the short term downtrend line.
It is facing major resistance here.

I would personally wait for a confirmation of breakout before opening any new positions right now,
as it may be just a fake out.

--This is NOT financial advice. Please make your own research before investing in any asset.--

Good luck on your trades!

Komen:

Yep, was just a fakeout.
Approaching end of the triangle. Le's see what happens now :)