Litecoin Breaking OUT of FLAG

Litecoin is breaking out of it's bull flag. A nice pattern that formed after the run from 52 to 55.

That run from 52 to 55 was the result of a long consolidation from 24 August.
There is a lot of buying pressure behind this move so I fully expect it to reach my target of 59-60 .

Entry: above 55
Target: 60 (100% measured move from breakout at 52-56 = 4 points)
Stop: below flag at 54
Great Reward to Risk: 4:1

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I use Price Patterns, Moving Averages, and RSI for my analysis.
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For my Targets I use Fibonacci projections + measured moves
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註釋

Nice pullbacks and continuation on this run. Adding some more. Looks strong.

BerlinTrader591

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