Technical Analysis: Litecoin (LTC)- Feb 18th

Litecoin has been trading in a corrective wedge for the past few days. We will need to see the price break resistance before we see the next upward move. There looks to be little affect to the price of Litecoin so far since the implementation of LitecoinCash (LCC) as we didn't see a major surge or drop off in price. I expect to see this wedge continue to play out and then see another impulse move up to the next resistance level. This current uptrend should take out the all time high set in December but we just need to be patient and wait for the current moves to play out. I would not be surprised to see a significant correction after the next couple impulse moves and we should expect a significant pull back coming.

If anyone has interesting news to share surround LTC or LCC please share in the comments.