Hello Traders and Investors,
This is my weekly outlook on Litecoin. The coin is making higher lows on the weekly, along with highers high. What we really need to see from Litecoin is for it to close above the $230 point on a weekly candle. This will give Litecoin a mega bull push to the target at $420. With the recent push in Bitcoin price due to the stimulus plan and institutional money flowing in. We can expect Litecoin to push alongside Bitcoin.
Also if we take a look at the LTCBTC pair. We see that Litecoin is on the lower end of the chart. This means Litecoin is undervalued compared to Bitcoin and once it starts moving, it will run really quickly.
Let me know what you think!
This is my weekly outlook on Litecoin. The coin is making higher lows on the weekly, along with highers high. What we really need to see from Litecoin is for it to close above the $230 point on a weekly candle. This will give Litecoin a mega bull push to the target at $420. With the recent push in Bitcoin price due to the stimulus plan and institutional money flowing in. We can expect Litecoin to push alongside Bitcoin.
Also if we take a look at the LTCBTC pair. We see that Litecoin is on the lower end of the chart. This means Litecoin is undervalued compared to Bitcoin and once it starts moving, it will run really quickly.
Let me know what you think!