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Is LTC the Next Mid-Tier Breakout Star?
Litecoin / TetherUS
Long
Is LTC the Next Mid-Tier Breakout Star?
By martinxi5u4
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Nov 20, 2024
3
Nov 20, 2024
LTC just broke out of this wedge that has been forming over the last few years since 2022, and it is currently retesting the breakout.
I am placing a long here with a stop loss at $77, but if you want to be safer, I recommend placing it closer to $61.
I think LTC has a good chance to pump hard, similar to what we've seen with XRP, Stellar, ADA, and Solana (mid-tier coins between BTC and meme coins).
Chart Patterns
Technical Indicators
Trend Analysis
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