Litecoin's recent move did a phase transition to the upside. The bearish wedge turned positive when the resistance was breached.
It's been my experience when a pattern is altered to the opposite bias, a change in psychology has changed.
A bullish bias is in charge and a bullish bias in the sector needs to be primary.
It's just another sign........ not the only sign.
Also....... the price is at the 50% Fibonacci retracement from the all time high and the December, 2018 low. The price has a habit to cluster at such levels. I would like to see the price tag the .382 level a couple time before heading high, creating some energy for the next move higher.
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So in ending........ Use critical thinking and think for yourself.
