We have good news! Looking at the 4h chart we can see that Litecoin has just pierced the 50. This is good news as that was the only obstacle left on the way up to the upper part of the Channel.
What is expected now is a rally of LTC up to 200-205 USD approx. and back down to the lower part of the . We have two key resistance points ahead: the upper part of the Channel, and Fibonacci level. I personally believe that LTC won't get through these two points, but we have to keep an eye on these two. Additionally, we can see that the is also diminishing as the price is rising, this is also a sign.
Bear in mind folks, that March 14th is a key date due to the closing of CBOE 3.88% Bitcoin Futures 8.65% , contract XBT/H8. This is scheduled for 14 March 2018 14:45:00 CDT 4.17% , and as we know from previous experiences, the whole crypto market is extremely reactive to this event. Caution is therefore advised for the following days.
That's all folks! Good luck and please hit the like button if you'd like an update on this analysis! Should you have any comments/questions, feel free to comment below!
Thank you and have a great day!
Will keep you posted.