Litecoin Finds Support

There is not much life for litecoin at the moment. We have found support at $169, a level as to which we have alerted you in the past. It appears we are forming a meager bull wedge pattern or other consolidation pattern at current levels, which appears to have an upper bound of $174. Look to grandpa Bitcoin for signs of a potential breakout. The next level is $184. We will continue to see support from $158 and $147 if we catch another selloff.