We can see our price is developing a bullish flag pattern, the flag is the downward sloping consolidation area, this is a potential signal for a large uptrend, this is multiplied by the fact that price is about to hit support on our 1/1 Gann line. As if all of this is not convincing enough, Bitstamp is set to launch litecoin tomorrow and we may even see Lightning network implemented with it. This news, plus our indicators could blast the price very high. Im thinking well over the $55 level depending on LN, but we shall see. Stay tuned, will update this throughout the week, which I am excited for!
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Bitstamp launching Litecoin as I type this
