Litecoin (LTC) to break out to the upside? And to new highs?

Looks like LTC is getting a bid and may be heading back up towards the previous high of ~$56.75. It is gaining momentum and the Heikin Ashi bars are in the green.

If it does break over the previous high, the upper trend line should provide resistance which would be around the $70 level.

Screen Shot 2017-08-23 at 1.47.41 PM.png

Stochastic RSI is on the upswing and we will see in a few days if it becomes imbedded. (3 full days of both K and D lines above the 80 level)

Disclosure: I hold a small position in LTC. See your financial advisor before investing in any asset.

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