LTC has been leading the market this bull market and has seen some crazy move up in short span of times. The EW count is almost impossible to decipher in this final move up but with upper targets as a magnet, the price seems to be moving up step by step with correction and consolidations. The worrisome part is the fact the LTC/BTC pair has been on a straight free fall and failing to find a meaningful support, but it is nearing the .866 fib level and hopefully that will be the spring it needs to start leading pack again with only 41 days left before halving, I definitely can see one more parabolic move up and possibly hit the targets above $200. The upper target is feasible with LTC/BTC target around .02BTC and BTC price target in the mid 10k. IF we do reach the mid 200 levels I'll be all out of LTC and look to hold in fiat or other coins that are lagging behind since LTC seems to lead the pack with others following soon after.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.