Litecoin currently hitting resistance at the neckline of the head and shoulders pattern. Litecoin seems to be leading the charge ahead of bitcoin and if Litecoin can breakout it may bring Bitcoin up with it. Current price is $35.50 with a technical breakout being in the $36.50 to $37 range. If Litecoin can breakout the target is upper resistance just above $40. If Litecoin fails to breakout we may see a retest of the shoulder line at about $27.50 and possibly even a retest of the lows at about $22.25. Hold on to your bread!
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