Litecoin In A Bullish Channel
Today, Litecoin picked up speed after being dormant for a few days. Traders are seeing that other large caps like ETH are seeing strong returns, so naturally they are investing in other large caps which are being left behind a little. While you're here, take a look at my other Litecoin idea's, there you can see my longer term prospects for this amazing coin!
For now, LTC is inside a nice channel, where it reversed from the bottom strongly yesterday. The most important resistance to beat now is based at R1, the last high of $184. I placed R1 on $180 since I think the round number is more important. If bullish pressure keeps strong like today, we might even see LTC shoot up towards the $200 level, R2.
Happy trading!
For now, LTC is inside a nice channel, where it reversed from the bottom strongly yesterday. The most important resistance to beat now is based at R1, the last high of $184. I placed R1 on $180 since I think the round number is more important. If bullish pressure keeps strong like today, we might even see LTC shoot up towards the $200 level, R2.
Happy trading!
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