Reasons to be bullish.
1) LTC is sitting on the long term 200 day MA, which it last held during the last bull run before crossing below in May of 2018.
2) There is unprecedented support at the $40 level.
3) This is the exact SAME range LTC was in before the run in 2017.
4) MACD is tightening and ready to cross
5) LTC is at the bottom of a rising trend
6) Rising hashrate bitinfocharts.com/co...tecoin-hashrate.html
7) Cheap transactions bitinfocharts.com/co...transactionfees.html
8) Rising wallet count bitinfocharts.com/co...veaddresses-ltc.html
Where to?
The $60 area will be crucial to break and hold. This is currently at the middle of the rising trend channel and has been proven support in the past. It is also right at the break of the descending wedge. Keep an eye on this area! I think we'll see anywhere from $75-$100 by the end of the year.
1) LTC is sitting on the long term 200 day MA, which it last held during the last bull run before crossing below in May of 2018.
2) There is unprecedented support at the $40 level.
3) This is the exact SAME range LTC was in before the run in 2017.
4) MACD is tightening and ready to cross
5) LTC is at the bottom of a rising trend
6) Rising hashrate bitinfocharts.com/co...tecoin-hashrate.html
7) Cheap transactions bitinfocharts.com/co...transactionfees.html
8) Rising wallet count bitinfocharts.com/co...veaddresses-ltc.html
Where to?
The $60 area will be crucial to break and hold. This is currently at the middle of the rising trend channel and has been proven support in the past. It is also right at the break of the descending wedge. Keep an eye on this area! I think we'll see anywhere from $75-$100 by the end of the year.