$LTC getting ready to giga send
2025-02-15
Category: None

With all the tail wind for litecoin (halving happened ca. 1 year ago, ETF News) and a chart that looks absolutely amazing I could see a nice rally into the next monthly resistance @ $270. When you look a the daily chart, the break out has already happened, if the price of litecoin stays above $123 at the end of this week we also will have the weekly break out confirmation. Same goes for the monthly, but I think that if we start moving it will happen swiftly, leaving many bulls sidelined. 

Once we reach monthly resistance at $270 it will be interesting to check how ETF flows are behaving. If flows are steadily strong once could also keep the long and aim for a new ath, but thats a story for another day. Today we watch how price action behaves after the daily breakout and if we get that weekly break out as well.