Litecoin / TetherUS
Long

LTC/USD - Next target $100

1 107
LTC has had a fantastic run from $60, bounced on the parabola and now we are at $80. In some ways the LTC rally anticipated the BTC run to ATH.

Now we are at resistance, however the momentum of LTC/BTC is very bullish and we can expect at any moment for BTC to test/pass ATH and LTC to test $100 which is an important psychological level.

Bias is very bullish, therefore aim to either buy at local support/parabola around $76 or the retest of resistance at $86 if we pass it. An easy 15% profit is possible if this plays out or more.

Disclaimer

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.