Technicals for Litecoin

Litecoin validated our analysis yesterday. We called a dip to 124 or 111, and we caught support exactly at 124. Right now, we are facing resistance at 138. It could really go either way at this point. Longer term, we are bullish of LTC, but there is a possibility that the bear momentum is not finished. If so we will find support at 111. It is doubtful LTC will push past this level unless there is another meltdown in cryptos. Both 145 and 154 will be targets if the bull momentum can sustain.