Breakout for Litecoin??

7 Jul 2021

Litecoin is maintaining a very narrow ranging, continuing the pennant consolidation pattern we discussed earlier. We are bounded above by $147 and from below by $134. There is a large vacuum zone below to $120, if we see another selloff. If we are able to gain enough momentum to break $147, then $158 is the next target. We still have quite a way to go before breaking out of the $100 handle, into the $200's, but this would be a great start.