Litecoin Showing Early Macro Bullish Signals

Litecoin is showing the early stages of what is likely to be a macro, bullish breakout. The supply and demand channel that has governed much of the LTCUSD market has broken out to the upside and the LTCBTC chart is showing heavy signs of bullish pressure building all the way up to the weekly time frame. The daily LTCUSD is showing trend early trend reversal signals on the ichimoku cloud as well. It isn't full-bull-mode yet, but given the positioning of the LTCBTC chart with the BTCUSD market, a complete cloud breakout on the 1D LTCUSD chart seems very very likely.

The first immediate target is the daily 200 EMA in the mid $70s. From there we will reassess the cloud structure. I think this move is going to be very big and sustained -- not just a flash in the pan.