Based on LTC daily chart, it is forming a falling wedge which may turns into an uptrend if it breaks the falling wedge resistance of around $160.
Based on MACD indicator, LTC is currently in a oversold state which indicates that an uptrend is due.
We may see a final dump before the next uptrend move based on Elliott Wave Theory. My personal price target for LTC mid term is around $210.
Based on MACD indicator, LTC is currently in a oversold state which indicates that an uptrend is due.
We may see a final dump before the next uptrend move based on Elliott Wave Theory. My personal price target for LTC mid term is around $210.