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Litecoin shooting up nicely, good upside potential!

BITFINEX:LTCUSD   萊特幣 / 美元
Litecoin has shot up nicely after breaking our wedge formation. Our 1st support is at 212.77 ( Fibonacci retracement , horizontal overlap support, pullback support) where a further bounce could occur in pushing price up to 264.42 resistance (Multiple Fibonacci retracements, horizontal swing high resistance).

Stochastic (21,5,3) is seeing strong ascending support hold up our bullish momentum well.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

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This analysis is provided as general market commentary and does not constitute investment advice.
All depends on what btc decides to do.
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I dont see us having that energy to go back up that quick... we'll most likely have a short rally to exit pump around 235-240, then some down, then some real down dip could be sub 200 and then take back off.
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