Hey guys, Litecoin kicked some butt today and we closed at 11% up. The pattern is very similar to that of Bitcoin and here is the daily chart:
Comment: We crossed 2 important trendlines, one for the price and one for the stochastics. Both good signs but there is still a lot of resistance left before we can relax a bit. The resistance is everywhere between 250 and 285 and I want a daily close above that area, preferrably above 290.
That might not happen today, since we got such a nice move yesterday. Be prepared for a potential breather day, but yeah, there you have it, lets focus on 290 next.
Happy trading!