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Litecoin Breakout Anticipated

Long
Litecoin (BITFINEX:LTCUSD)  
quantguy  
BITFINEX:LTCUSD   Litecoin
Support and Resistance Trend Analysis Fibonacci Technical Analysis Fibonacci Retracement Momentum Indicator (MOM) breakout Cryptocurrency Litecoin (Cryptocurrency) Bitcoin (Cryptocurrency)
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supportandresistance trendanalysis fibonacci technicalanalysis fibonacciretracement momentum breakout cryptocurrency litecoin bitcoin
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.

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