Litecoin ;Why 200 is so important

Four days ago we had a great trade long Litecoin.
Price action since then has been very precise with respect to the slopes that I drew then.
While price has not moved much, you can see that it is moving down the up trending slopes and it is not moving down the down trending slope. For context please review the previous trade, linked below.
There is indecision in the market. Over the last week most of the selling has occurred when US markets ( BTC futures) are open (closed last Monday 19 Feb for holiday) and most of the buying when Korea, Japan and China wake up.
I have outlined some possible scenarios and I will look at the market when America is awake.
I shall use this as a proxy for the market as a whole.
Scenarios include scalp long entry around 196, take profit 214
But if it can stay above 214 for the next 24 hours then I would be bullish

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I shall also watch LTCBTC which may be forming a wedge

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LTCUSD is currently a big Head and Shoulders on a slope. If it stays above 214 ,it will break the pattern.

交易结束：到达目标:

Trade closed. 214- 196 = 17
17/ 196
8.6 percent profit in 12 hours

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I may reenter around 180 if price is supported by the lower downtrending line 24 48 hours

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Lines still working very well. I hope that someone took this trade . I was not at my computer. Price bounced exactly at 202. Exit at 231. This was 14 percent in about 12 hours. Now I will wait for a revisit to the same parallel or support on top of what was resistance.

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I have adjusted the lines and removed the pitchforks for clarity.
Awaiting a bounce on the bottom of this new ascending channel or on top of old ascending channel

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CORRECTION: DISREGARD ABOVE SENTENCE. SEE BELOW

I have adjusted the lines and removed the pitchforks for clarity.
Awaiting a bounce on the bottom of this new ascending channel or on top of old DESCENDING channel