Litecoin. Good news for Litecoin investors

LTC/USDT

Brief analysis

LTC is keep moving according to bullish ascending price channel.

As short term possibility: LTC might return back to its support line in 50-54 USD area before making another bullish run to formed resistance line - 64-70 USD levels

Mid-term possibility: continuous growth to 86-91 level (If we assume that market capitalization will continue to grow)

Risks: LTC might form head and shoulders pattern in case of negative news or large cryptocurrency market correction. This might move LTC back to 40, 37 and even 32 level. This is less likely to happen, however always remember about possible risks, so you can build your own exit strategy.