Litecoin caught a huge burst of momentum which has smashed through multiple technical levels where we anticipated resistance. The most significant was the neckline of the failed inverse head and shoulders pattern at $280, which remained an upper bound for some time. We have reached our previous profit target of $322 overnight. We anticipated this would take a few days. Our next target is $340. But watch for LTC to feel out this range, it has crossed the vacuum zone and will likely establish more value areas within it right now.
Trade closed: target reached:
Second profit target reached at $340!! 🤑🤑🤑
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