matthys09

LTCUSD

Long
matthys09 Updated   
BITSTAMP:LTCUSD   Litecoin
LTC is busy with a small retracement back to the 0.618 Fibonacci resistance line at 55.1, There should be a small uptrend hitting the top channel at 57.5 and could break through to 59.6 . Otherwise will come hit the 0.618 retracement line and shoot up for a breakout up to 64.8. If both channels is broken downwards and the 0.618 line is broken below 54.5 LTC will retrace back to 51 at the 0.5 Fibonacci line.
Comment:
LTC hit the target at 59.6, possible retracement back to 56.7 before breaking out to 65

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