LTC / BTC - testing the bottom before revisiting upper channel

A lot of XXX/ BTC pairs are having very similar charts with price moving in this channel and currently resistance previous bottoms. I would like to see it bounce from here and test the upper resistance. If it breaks through, retests the support then the potential is for another 40+% upside. There is a visible divergence on the 1D chart so it is worth a throw of some money in it.

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Just a note, it is possible that price goes a bit lower first so if entering trade now, think through your SL and what risk you want to take.