The Litecoin charts are looking relatively good and I have a target of $1,000 halfway through the summer. If the market isn't manipulated by a Mt.Gox or massive sell, we should see a major trend reversal IF, and this is a big IF, we hold the $115-$120 support line. If we hold and the bulls can push us out of this mess, we are golden and poised to break out.
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By the way we also have a head and shoulders over there on the charts. Just FYI. Might be relevant but who knows.