Bitcoin broke out above the top of its range at $340 dollars last week and proceeded to rally almost $40 dollars to a high of $379.80. Here the gains topped however as BTC hit a previous congestion area. Litecoin again followed bitcoin, first higher, then lower. But let’s start with big brother first.
Bitcoin Breakout Hits $380 Dollars
The bitcoin breakout above $340 hit a high of $379.80 before falling back. The correction that followed lead to a low of $353 flat. We are currently quoted at $360.73, close to the lows for the day.
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