Litecoin Breakout Continues

LTC is still enjoying news regarding LitePay, having smashed the $200 level which was important technically and psychologically. The band width of the KRI has expanded notably to reflect this, and we are well above the upper bound of this indicator. At this point, we definitely seem to have entered wave 3 of the next impulse wave, one of the first coins to clearly achieve this status. Currently, LTC is sitting at $225, facing resistance from a nested Fibonacci level at $236. After that, we can expect resistance at $258 a congestion zone, $268 which is a Fibonacci level, and finally another nested Fibonacci level at $288.

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