Breakout Soon for Litecoin?? 🚀📈

Litecoin / U.S. dollar BITSTAMP:LTCUSD

quantguy

Litecoin has leveled off just below $124. It has tested this level from below several times, and volatility has consolidated suggesting we are forming a bull wedge-type pattern, and could be coiling up for another breakout. If so, we could easily test $130. If we reject current levels, we will see support from $120 or $114. The Kovach OBV is steadily increasing, confirming the overall bull trend.

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