LTCUSD - LONG

LTC has broken out of the accumulation zone and perfectly tapped the 1.618 fib at $138.90. LTC is now poised to move towards the 2.618, 3.618 and 4.618 fib at $185.50, $232.10 and $260.90 respectively. Failure to break the resistance of $185.50 could lead to a drop towards $155.22 and $136.95.