LTEUSD is moving within the 76 - 79.4 rangeLTEUSD is moving within the 76 - 79.4 range
General outlook
LETUSD has been trading in a bearish trend within the last day. The resistance level is now located at 79.46
If the pair rebounds from the resistance level, analysts recommend opening a Sell order with a Take Profit at the nearest support level. In case the breakout is confirmed, analysts suggest opening a Buy order.
The Support level is now located at 59.84 and 57.76
Ltecoin
🔥 Litecoin Long-Term Analysis: Bullish ChannelWe've all see the amazing run of LTC over the last couple of days. LTC has been underperforming the market severely, so this is a nice thing to see after such a long time.
Over the long-term, LTC has formed a nice bullish channel, which spans over 1.5 years of trading.
Seeing current price action and the general state of the market, I'm confident that LTC will be trading near its current bull-cycle top in the coming months. First target placed at $390, the current cycle top. We might even shoot to $600 in case of a massive alt coin rally, but that's still up to speculation.
Be aware that the price might fall towards the prior local top before going up.
Happy trading!
ETF Approved 50% BTC,xrp, ltc, ether, bch, First ETF Approved in switzerland stock exchange 1/2 of the assets will be invested in BTC then rest in xrp (25.4%), ltc (3%), eth(16.7%), BCH(5.2%).
Proof= Https://cointelegraph.com/news/major-swiss-stock-exchange-six-lists-the-worlds-first-crypto-etp-amidst-market-collapse