Bitcoin
Bitcoin has broken out from the dragon head consolidation we pointed out a few days ago. It is currently facing resistance at $38.6K, which is one of our Fibonacci levels. This is perfectly reasonable. We may see another minor correction here, but the carnage should be over. If not, we will see support at $34K or $33K. Soon, we will hit $41K meeting highs again. The next target after that is $44K, which could be hit as early as this week.
Ethereum
Ethereum has broken out from our corrective wave. It seems like $954 was the low, as we called out in the briefings. We just smashed $1105, and we seem to be having some trouble with $1150, which appears to be a technical level formed by highs and lows. Momentum has picked up, but it has not registered on the Kovach OBV. This suggests we may see another dip soon, but fear not, the bubble has not burst yet. We should see $1211 again and then highs at $1347. Our next target is $1500.
Litecoin
Litecoin is coming off of the corrective wave. It is not showing the momentum that ETH or BTC have exhibited, but litecoin rarely does. This is a nice bounce, but it is not showing the emphatic momentum of a breakout that we usually anticipate from cryptos. This is not a bad thing, because we need healthier growth to avert a bubble. Litecoin may dip again, but it should find support at $141, $130, or at worst, $117. All should be considered buying opportunities. It is much more likely that we will range at current levels, and eventually breakout again hitting $167 and $186 again. Our next targets for Litecoin are $194 and $207.
