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This could really be the season of alt coins.
The market in general has experienced a particularly bullish period from autumn 2020, arousing strong institutional interest (both positive and negative).
It is possible to expect some cryptowhale traders to monetize by selling coins, reducing their value in the short term.
Litecoin hit $178 last week before retracing back to the 23.6 FIB level. We wouldn't be surprised if it pushes up to the FIB 50 level in the next few weeks before bouncing back to new highs.
Only a 61.8% retracement would become risky, but the main trend direction at the moment is absolutely positive.
This could really be the season of alt coins.
The market in general has experienced a particularly bullish period from autumn 2020, arousing strong institutional interest (both positive and negative).
It is possible to expect some cryptowhale traders to monetize by selling coins, reducing their value in the short term.
Litecoin hit $178 last week before retracing back to the 23.6 FIB level. We wouldn't be surprised if it pushes up to the FIB 50 level in the next few weeks before bouncing back to new highs.
Only a 61.8% retracement would become risky, but the main trend direction at the moment is absolutely positive.