Technical Analysis: Litecoin - Jan 29th

Litecoin overnight broke through the resistance on the flat pattern it has been trading within the last week. While it broke out on the upside it has since fallen back within the pattern and might test the resistance again immediately or look to bounce off the bottom one more time.

Either way look for a big move upwards in the next couple days. There is an analysis from Clif High stating there will be a big move in the cryptocurrency markets this February to March which corresponds with the end of our current trend on Litecoin.