Holding LTC and waiting to buy on any weakness. LTC is forming a symmetrical triangle (red lines) within a larger symmetrical triangle (top red line and diagonal lines 3 and 4). MACD is indicating a continuation downward and the RSI is continuing to trend downward. If LTC breaks below the purple trendline and the red triangle we will enter zone C where line 3 and 38% retracement offer support. I suspect LTC breaches back toward zone D where it will meet the 100 day moving average, the 62% retracement, and long term support line x (green). We could see some sideways volatility with support line 4 as Strong support. Will look to accumulate around 0.01 BTC.
If we break out of the red triangle right away, get ready for the next leg up.