Litecoin has broken out from our inverse head and shoulders pattern. We have broken out from the neckline at $174, and have already broken through our profit target at $179, to hit $184. We appear to be finding resistance here as confirmed by a red triangle on the KRI. If momentum continues, we are likely to find further resistance at $188 then $195, the final level before the $200 handle. We should have support at $179 and a full retracement would take us back to support at $174.
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