Can Litecoin Breakout??
Litecoin / U.S. dollar BITSTAMP:LTCUSD
Litecoin has rallied breaking through $111. As discussed in these reports, it has hit $114, our profit target. However, we are meeting strong resistance here and are likely to retrace or range a bit. The level $114 should hold, but if we are able to break through, then there is a vacuum zone to $120. This would be a significant leap for LTC. If not, then we should see support at $111, $109, or $105. We anticipate $105 to hold as a floor price.
