Double Bottom in Litecoin

LTC has formed a W Price Formation (Double Bottom) and is currently consolidating the move. Assuming an upside breakout above $47.54, the measured move is calculated as $14.92 from the breakout (High(47.54) - Low(32.62)). This implies a Price Target of $62.46 (47.54+14.92). The volume on the recent move is impressive and I expect to see continuation to the upside in the very near term. To the moon!