Litecoin - Bullish Ascending Triangle Forming

LTCUSDProvided trading follows trend, Litecoin should form a bullish Ascending Triangle, or Pennant. See my other chart for the Bullish Pennant. Both scenarios are bullish and price action for Litecoin should yield positive gains in the long term. A break to the upside expected once it nears end of triangle/pennant.

• Possible buying opps labeled on chart per Fib retracement levels.
  
• Red line is 20 MA for possible pullback/support.
  
• Target Price: $232
  

Comment your thoughts or speculation. Thanks!LTCUSD