Another Litecoin Breakout??

Litecoin looks like it is in the midst of a consolidation pattern, getting ready to breakout to higher levels. We may see another brief retracement down to $209 as we form a bull wedge pattern. Watch the upper bound at $226 for momentum as it breaks out. Our next target for Litecoin is a Fibonacci extension level at $252, which is a bit away but very doable for LTC especially if we can breakout from $226.