LTCBTC - Bullish channel pattern

LItecoin was bought up during the ICO as it has some serious players in the Dev group and is called the Silver of the Crypto market. Price has consolidated around the 50% retracement level. Research suggests that it is currently undervalued and will be one of the coins used in the longterm. Price broke resistance, a long position on the retest of this level is a good entry. I have provided a target for the swing traders however this is a good coin to hold.