Litecoin has broken above the neckline resistance at 94.50 and the path higher towards 131.05 is now free. Of course, we will see some resistance near the former high at 105.67 but it should only be temporary. Once broken, nothing really stands in the way of the 131.05 target.
Longer-term we continue to look for much higher levels, but as always, let's take the next impulsive rally in baby steps and look for the next upside targets at 105.67 and then 131.05.
