This is LTC/BTC graph, and this has been a yearly long graph for LTC on a daily time frame. These trend lines indicate strong support and resistance zones, and this resistance is being re-tested 3rd time, and usually 3rd retest breaks the support/resistance trend lines. Looking forward for LTC to break this trend line on the LTC/BTC graph.
Price target currently for this breakout, if it happens is 0.005 and then 0.007
If the target of 0.005 LTC/BTC is achieved, then LTC should pretty easily break 300 USD price.
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