Litecoin Forming Bull Flag?

Litecoin has pulled back from our level at $55.84, but is holding the $55's. We appear to be forming a large bull flag, and if momentum can continue, we may be able to break out. But we need to see more buying interest in the crypto market in general. It is likely we will continue to range here a bit and establish value. If we retrace, the low $50's should provide support.