We're coming to the end of our 2 month triangle. I'll be looking for a clear break sometime in the next 100 hours. That presumes trade volume will increase, but in general it's fairly reliable.
Support 1: $55.85 (weak) Support 2: $55.31 (weak) Support 3: $55.00 (strong. This is the bottom of our triangle. If we break and hold below it then we risk a large dip).
Resistance 1: $56.56 (weak) Resistance 2: $57.47 (weak) Resistance 2: $57.89 or $58 (strong. This is the top of our triangle. If we break and hold above it then we can hopefully get a serious bump)
This could still go either way (1d is inconclusive, 4h is bearish, 1h is bullish), but personally I'm betting on an upswing.
P.S. As a side note: I drew the larger triangle about two weeks ago. Sometimes the simplest things work the best.
I'm in for now, but if it doesn't break high enough form buy in to set a decent stop loss before bed I'll sell. LTC volume has been incredibly weak lately so I trade it very cautiously.