Litecoin Crushes $300

LTC has continued its breakout with momentum that seems to challenge IOTA’s run weeks earlier. It has demolished technical and psychological levels, finally finding some resistance around new highs in the $300 handle. We are likely to see consolidation and retracement, at some point, into a dragon head pattern before another breakout. The nested Fibonacci Extension Level of $255 seems like a great entry point, but at this point it might be a dream. Consider any pullback a buying opportunity.

If you like this commentary, check out our *daily* crypto newsletter!