Thanks for the post. Upvoted! Wishing you best of luck.
I am in the same place as you watching the same charts. FWIW, I was watching the LTC/BTC chart as well... also to decide if I exit to cash instead of bitcoin. My opinion based more on fundamentals than technical analysis (some on both) is that bitcoin will continue to trade sideways in a narrow range for the next few weeks until the BIP 148... so it might be convenient to keep some trading funds in Bitcoin.
Anyway, what trading platform did you decide on (and why if I might ask).
A last piece of advise for you on LTC is about the asian dominance of this. 2/3 or more of the market cap volume is in CNY and KRW... so you might want to watch the trading in these currencies and be aware of time zones wrt to LTC trading.
FYI a recent post of mine has some fundamentals "news" on LTC if you are interested:
FYI... as a example of the asian dominance of LTC... look at this:
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LTC broke out of the decending triangle pattern upward and was struggling to break the dual psychlogical resistance at 50 USD/350 CNY when the asian bear volume came in at 1830 (USA EDT) on the chart and down we go.
From my novice read, the next resistance is down around 44.50 USD... we shall see. Trade on...
Thanks for the info, and I'm glad you enjoyed the post! I did notice the timezone issue, but hadn't put it together with Asia. Very interesting. I'm currently trading on GDAX, just because of the ease of moving currency from coinbase. I'm not entirely attached to the platform, but I haven't seen anything to put me off it yet.