Litecoin - LTC - $290 Good Entry Point Before Run to $500+
We are seeing Litecoin hold support now in the $290 area, even with BTC weakness in the $42k range. This is good news for LTC.
I expect that LTC will continue to gain strength on BTC and hold it up despite BTC not making a real move yet.
I'm putting the new base at about $270-275 if BTC fell to $39k, but not sure that happens.
My price target is still around 75 Daily RSI and $540. I'm mostly looking at the daily RSI as my indicator of when to take profits on Litecoin.
DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
I expect that LTC will continue to gain strength on BTC and hold it up despite BTC not making a real move yet.
I'm putting the new base at about $270-275 if BTC fell to $39k, but not sure that happens.
My price target is still around 75 Daily RSI and $540. I'm mostly looking at the daily RSI as my indicator of when to take profits on Litecoin.
DISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
