I'm sorry I'm relatively new to TA. What are the almost horizontal red lines? Specifically the lower one? They seem to be the recurring testing of support and resistance on a slight downward trend? Of your own creation? So you think we'll see LTC/BTC come down to the lower red line again, possibly setting a new low since the ATH and then going back up and testing your resistance line again? Thanks for clarifying.
PopTrading
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@hortstu, The red lines are the channel that I drew. We've since broke out of that channel, so I think my less likely scenario is playing out.