quantguy
Long

Litecoin Breakout Anticipated

BITFINEX:LTCUSD   Litecoin / U.S. Dollar
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
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