Almost a week ago I made an analysis on LTC. I predicted a strong upward move after the break out of the horizontal channel.
As of today, the first target of $220 has been reached. We've seen a substantial move over the last 48 hours, indicating that the bulls are back - for now.
For the coming week, it might very well be the case that LTC will fall back towards the region around $200. I'm still very bullish on the crypto market, so the expectation is that the price will go up with time.
Most bullish scenario would be a continuation of the current move. I'm expecting a small period of consolidation around the current area, however.
Happy trading!
As of today, the first target of $220 has been reached. We've seen a substantial move over the last 48 hours, indicating that the bulls are back - for now.
For the coming week, it might very well be the case that LTC will fall back towards the region around $200. I'm still very bullish on the crypto market, so the expectation is that the price will go up with time.
Most bullish scenario would be a continuation of the current move. I'm expecting a small period of consolidation around the current area, however.
Happy trading!
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