Will Litecoin Break Out??

Litecoin has retraced as anticipated, but has found support at $120 which we have also predicted here in these reports. We found great support at this level and attempted another bull run. However we are facing some resistance at our level at $130, and retraced back to support at $124. We should expect for Litecoin to equilibrate somewhere between $120 and highs at $134. We will need to break $134 before considering higher levels with $141 being the next target.