Litecoin is currently trading near an important resistance around $180. With the market turning around today, I'm expecting LTC to pierce this resistance today and moving towards the green area of resistance, ranging from $200-$210.
The $200 area is extremely important for LTC since it marks the first top after the capitulation late May. A minor retracement is to be expected after hitting this area of resistance.
Assuming BTC will remain trading above the 200-day SMA, the expectation is that LTC and other alts will continue to go up. A $300 LTC value is to be expected in the following months.
Happy trading!
The $200 area is extremely important for LTC since it marks the first top after the capitulation late May. A minor retracement is to be expected after hitting this area of resistance.
Assuming BTC will remain trading above the 200-day SMA, the expectation is that LTC and other alts will continue to go up. A $300 LTC value is to be expected in the following months.
Happy trading!
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