There have been many coins pushing higher the past week. Let's take a look at the price action of two in particular...

NEO & LTC

Both coins have recently broken out from resistance into new ranges, but where they go from here is still up for interpretation. Let's see what the price action is telling us.

NEO Price Action

Looking at the chart you see we got a big body high volume breakout candle roughly four days ago and proceeded to make a run at the next resistance level around $42.50.

After poking through the level intraday the push higher ran out of gas and price has pulled back.

At the time of this writing the price of NEO is now testing that prior resistance level, roughly $36.75, as support.

So that is what we want to see. NEO holds this level and then rallies to make another run at $42.50

LTC Price Action

Five days ago LTC broke out through the strong resistance level of $66. That is the level where is tried to hold for a moment before having the heavy sell off in September.

Then looking forward you can see circled are the instances where it tested the level and failed.

What I do like is the little test it did immediately after breaking out. The second candle after the breakout candle tested the $66 level intraday and then pushed to close higher and we have been rising from there.

Now the possibility of LTC testing $66 is still there, but right now the price action leans toward the upside with the next target being the prior top of $81.70.

Conclusion

Just a little crypto chart analysis for you and I. ;-)

---

Best Regards,

Disclaimer: All content within is my opinion.