Technical Analysis: Litecoin (LTC) - Feb 15th

Litecoin is still seeing massive growth as it continues to break prior highs. Look for this current pull back to continue to test the horizontal line acting now as support before it continues its push up and attempts to break through the $267 resistance line. We should continue to see this current impulse move take out prior highs until we set an all-time new high. If you didn't know, there is rumor surrounding Litecoin attempting a new fork which would introduce a new crypto coin called LitecoinCash. The ratio will be 10 to 1 so for every 1 Litecoin you own you will receive 10 LitecoinCash. It will be very interesting to watch and see where Litecoin will finally level out as well as where it will go when they finally release Litepay.