Yesterday, I gave you the inverse head and shoulders pattern, in LTC, before the right shoulder had even filled in. Today, it filled the right sholder and is now breaking out to the upside, in an explosive confirmation of the pattern. In addition to the breakout, there is a bullish cross on the MACD, which is circled in green, and nice clearance of the 50 EMA. This strong action in Litecoin, suggests that further upside is likely on the horizon. The next major overhead resistance levels are at $285, and then around $308. A break above that puts the all time high in play.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-