$LTC Litecoin Weekly partial decline confirmed
2025-01-17
Category: None

Litecoin testing the highs of the range again here after a partial decline. 

Targets higher would start at the local 1.618 at 219, with resistance at 273, but the measured move would imply a 100% extension which would take up into about 328. 

If we were to make new highs here i think youll be looking at 500-700 pretty quick with the 1.618 extension reaching as high as 1500. 

I would not be surprised to see LTC included in the American strategic reserve, or ETF's proposed to drive price in this fashion. Youve also got the Proof of Work aspect and its relationship with Doge as a script mineable coin, and the derivatives/futures/Grayscale.

Like XRP and some older coins we've been trading, i think LTC will have its day this cycle, and theres a lot of potential antagonists thatll be ready to explain where the price action came from, but thats typically after the real opportunity has passed. 