Things were off to a great start this morning with Litecoin. We took down resistance walls like they weren't even there. The coin kept rising all the way to $46.72, then we trickled back down, and tried to break $46.50 again, and failed again.
This formed a double top on the 12hr chart and short term, it seems like we will lower, but fret not, we just need to maintain $44.50, if we can do that we are fine. Stop loss is at $44.49, if that breaks then I think we test $43 again which is the major key.
Long term though, the chart is in great shape, and is making the correct moves and formation for continued growth.
Support: $44.50, $44
Resistance: $46.50, $47.50
