Head and Shoulders
pattern was forming over the weekend which was a bearish
sign, but momentum from Bitcoin
spilled over to Litecoin. There is some resistance at $58.50, but another wave of momentum is anticipated since both Kovach Momentum Indicators are in solidly positive territory. Next profit targets are at $60, then $70.
If you are interested in using the Kovach Momentum Indicators or Kovach Reversals, see http://quantguy.net