Litecoin Showing Considerable Strength

Litecoin has broken out yet again, showing considerable strength with regard to the performance of the 'majors'. We have broken past $120, where we anticipated resistance. We then made a run for $124, and after hitting this target, retraced back to $120. The Kovach OBV is still strong however, suggesting this is a technical retracement. If so, $130 will be the next target if we can break $124. If we retrace past $120, expect support from $114.