LITECOIN (LTC/USD) POTENTIAL TO $170 BUT FIRST...$100 AGAIN?
DAILY CHART EXPLANATION:
Good morning! LTC/USD has been on an uptrend since beggining of the year on a 500% movement on average. So it is a big impulsive movement, and also did a breakout of the ascending channel, faking a breakout and getting inside the channel again. The mid/long term vision on this crypto is still bullish based on our analysis, but the corrective movement that is playing out at this moment can reach de $100 zone, to start the bullish movement again.
WEEKLY VISION:
Good morning! LTC/USD has been on an uptrend since beggining of the year on a 500% movement on average. So it is a big impulsive movement, and also did a breakout of the ascending channel, faking a breakout and getting inside the channel again. The mid/long term vision on this crypto is still bullish based on our analysis, but the corrective movement that is playing out at this moment can reach de $100 zone, to start the bullish movement again.
WEEKLY VISION:
Trade closed: target reached
