LTC on the cusp of 26% breakout

  • Litecoin price is traversing a head-and-shoulders pattern, hinting at a breakout soon.
  • A decisive close above the neckline at $191.20 will kick-start a 26% ascent to $243.07.
  • A breakdown of $165.28 will create a lower low, invalidating the bullish thesis.

Litecoin price is on the penultimate leg of a technical formation that will catalyze a quick bull rally. LTC needs to clear one critical hurdle to kick-start a run-up to levels last seen more than a month ago.

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