Litecoin Tops $114, What's Next??

Litecoin / U.S. dollar BITSTAMP:LTCUSD

quantguy

Litecoin has ripped showing impressive momentum with respect to the majors. We have broken through $109 solidly and then teckled $114 with ease. We made it as high as $118 or so, just below our next technical level of $120, before retracing. Currently we are equilibrating around $114. We could be forming a dragon head pattern, and if momentum persists, we could be gearing up for another break out. If so, the next target is $120. If not, then be careful of the vacuum zone below to $109.

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