Good entry point for Litecoin between $210-$216 (at the bottom of the trend channel and touching EMA). Its currently consolidating in a upward sloping trend channel and thats a bullish sign. I feel Litecoin will do well long term for sure because of their strong team and also their launch of LitePay recently. Not only that, there have been many discussions about Litecoin taking over Bitcoin Cash. In my honest opinion, I think Litecoin will overtake Bitcoin Cash this year, simply because Litecoin has a better organisational structure and they are active in developing new products.
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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.