Litecoin (LTCUSD) is soaring after LitePay announced its launch for Feb 26. There was a lot of excitement back in December (when LTC soared as well). The most recent tweet had a more specific date, which added to the anticipation.https://twitter.com/LitePayInc!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");LitePay Tweets about launchLTC/USD rallied sharply from around 160 to almost 220 in 24 hours. LTC/USD Daily Chart(click to enlarge)Note that during the bearish correction, price held above the 200-day simple moving average.Also note that price has shot up to a key support/resistance pivot in the 210-220 area.The RSI is now at 60. If the overall mode is still bearish, the RSI should hold under 60. Therefore, price has essentially shot up to a critical resistance. I think we should anticipate some correction here.Then, we should monitor the 160-180 area for support. Support here can give LTC/USD bulls confidence. Seeing the RSI hold above 40 (instead of pushing to 30) would also be a good sign that the bearish correction is over.