ridethepig | LTC Market Commentary 2020.01.31

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC clearly outperforming and taking the spotlight with the cross briefly trading above $70. A serious early contender for "Trade of the Year" after we rallied +70% from the lows.

In any case, I am happy with the first targets at 64. xx , but ahead of the weekend, I would be surprised to see much further downside. On the day, support will be found at 62.5x with resistance at 70.0x.

The correctness of my evaluation is validated by the course of BTC in the moves. For those wanting to track the flows:

Good luck all those buying dips in LTC and BTC . As usual thanks for keeping your support coming with likes, comments, and etc!
Comment: All eyes on the NY open here


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