Litecoin touches top resistance perfectly. Now what? We'll know by Thursday.

In a technically beautiful move up, Litecoin tags the top descending RED resistance TL and moves lower. Will it break out and above this trendline? We don't know yet. But we are running out of time and only have until Thursday for the market to give us it's tell.

If we break above and confirm, by opening and closing a new candle on the daily ABOVE the TOP RED trendline, I will be a buyer. But not until then.

If we break down further, I expect us to tag the bottom of our channel again at some point. Or the 200 MA, wherever that happens to be at that point.

Watch closely, the next couple of days will reveal where we are headed.